China Development Bank and BDEAC pledge EUR 300 million loan for small and medium-sized enterprises
Pledged amount
$ 449322076.290598
Adjusted pledged amount
$ 449322076.290598
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]
China Development Bank (CDB) [State-owned Policy Bank]
Recipient
Congo (Brazzaville)
Sector
Business and other services (Code: 250)
Flow type
Loan
Level of public liability
Central government debt
Infrastructure
No
Category
Project lifecycle
Description
In October 2013, during the visit of the president of Republic of Congo to China, China Development Bank (CDB) and the Development Bank of Central African States (BDEAC) signed an agreement to provide a 300 million euro loan to Republic of Congo. The proceeds of the loan were to be used to support small and medium-sized enterprises (SMEs). According to the Agence D’Information, the loan was scheduled to disburse in 2014.
Additional details
This record is currently status coded as a pledge rather than a commitment since AidData has not identified any official sources that corroborate the existence of a final loan agreement.
Number of official sources
2
Number of total sources
4
Details
Cofinanced
No
Direct receiving agencies [Type]
Government of Republic of Congo [Government Agency]