Project ID: 59462

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

Commitment amount

$ 52237643.57979857

Adjusted commitment amount

$ 52237643.58

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

Implementation (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2016-12-12

Description

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.

Number of official sources

4

Number of total sources

6

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Details

Cofinanced

No

Direct receiving agencies [Type]

Development Bank of Central African States (BDEAC) [Intergovernmental Organization]

Loan Details

Bilateral loan