Project ID: 59385

China Eximbank pledges to loan $580 million USD for the Djibouti-Galileh Toll Road Construction Project

Pledged amount

$ 684866614.847911

Adjusted pledged amount

$ 684866614.847911

Constant 2021 USD

Not recommended for aggregates

This project is not recommended for use in creating aggregated sums. See the documentation for more information about this criteria.

Summary

Funding agency [Type]

Export-Import Bank of China (China Eximbank) [State-owned Policy Bank]

Recipient

Djibouti

Sector

Transport and storage (Code: 210)

Flow type

Loan

Level of public liability

Central government debt

Infrastructure

Yes

Category

Intent

Development (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

Vague (Official Finance) (The next section lists the possible statuses.)

Official Development Assistance

Other Official Flows

Vague (Official Finance)

Flows categorized based on OECD-DAC guidelines

Project lifecycle

Status

Pipeline: Pledge (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2016-01-01

Description

In 2016, China Eximbank reportedly pledged to extend a $580 million USD loan to the Government of Djibouti for the construction of the Djibouti-Galileh Toll Road Construction Project. However, according to February 2020 correspondence between AidData’s Executive Director and the IMF’s Mission Chief to Djibouti, this loan pledge never materialized into an official commitment.

Number of official sources

4

Number of total sources

5

Download the dataset

Details

Cofinanced

No

Direct receiving agencies [Type]

Government of Djibouti [Government Agency]

Loan Details

Bilateral loan

Investment project loan