Overview

China Development Bank provides EUR 40 million credit facility to BDEAC for on-lending activities

Commitments (Constant USD, 2023)$48,252,462

Commitment Year•2016Country of Activity•Africa, regionalDirect Recipient Country of Incorporation•Africa, regionalSector•Business And Other ServicesFlow Type•Loan

Status

Project lifecycle

Implementation

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Dec 12, 2016

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Ultimate beneficial owners

At least 25% host country ownership

Funding agencies

State-owned Policy Banks

China Development Bank (CDB)

Receiving agencies

Intergovernmental Organizations

Development Bank of Central African States (BDEAC)

Loan desecription

China Development Bank provides EUR 40 million credit facility to BDEAC for on-lending activities

Interest type•Unknown

Narrative

Full Description

Project narrative

On December 12, 2016, China Development Bank and the Development Bank of Central African States (BDEAC) signed an EUR 40 million credit facility agreement. The proceeds were to be used by the borrower for on-lending to small- and medium-sized enterprises in Central African Economic and Monetary Community (CEMAC) member countries, which include Cameroon, Chad, the Central African Republic, Equatorial Guinea, Gabon, and the Republic of Congo. The first disbursements were made in the first half of 2017.