China Exim Bank loans $135,000,000 to Amaggi Brazil
Commitment amount
$ 158506680.3199891
Adjusted commitment amount
$ 158506680.3199891
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
Brazil
Sector
Agriculture, forestry, fishing (Code: 310)
Flow type
Loan
Level of public liability
Private debt
Infrastructure
No
Category
Project lifecycle
Description
In March 2012, China Exim Bank loaned 135 million USD to the Amaggi Exportação e Importação Ltda, an agricultural production and distribution company. The loan terms are unclear. According to the Wall Street Journal, this transaction indicated an interest in expansion from the South American resources sector by China. According to the Brazil Central Bank, the registration of the loan in the form of advance receipt exports ("recebimiento antecipado de exportacao") is cancelled.
Additional details
According to the company type and wording of the Brazil Central Bank source, coded as export credits.
Number of official sources
1
Number of total sources
4
Details
Cofinanced
No
Direct receiving agencies [Type]
Amaggi Exportacao e Importacao Ltda. (Amaggi) [Private Sector]