Project ID: 59445

CDB provides $60 million loan to Southern African Trade and Development Bank for on-lending to projects and SMEs in the COMESA region

Commitment amount

$ 66425713.884509295

Adjusted commitment amount

$ 66425713.88

Constant 2021 USD

Summary

Funding agency [Type]

China Development Bank (CDB) [State-owned Policy Bank]

Recipient

Africa, regional

Sector

Business and other services (Code: 250)

Flow type

Loan

Level of public liability

Unallocable

Infrastructure

No

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: Commitment (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2014-05-10

Description

On May 10, 2014, an agreement was signed for China Development Bank (CDB) to provide a $60 million credit line to Eastern and Southern African Trade and Development Bank (TDB) -- also known as the Trade and Development Bank, and formerly the PTA Bank -- for on-lending to projects and SMEs in the Common Market for Eastern and Southern Africa (COMESA) region. The agreement was signed by the PTA President, Admassu Tadesse, and the Executive Vice President for CDB, Wang Yongsheng, at State House in Nairobi.

Number of official sources

2

Number of total sources

5

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Details

Cofinanced

No

Direct receiving agencies [Type]

Eastern and Southern African Trade and Development Bank [Intergovernmental Organization]

Loan Details

Bilateral loan