Overview

CDB loans $30 million line of credit to the East African Development Bank for on-lending purposes

Commitments (Constant USD, 2023)$56,295,483

Commitment Year•2006Country of Activity•Africa, regionalDirect Recipient Country of Incorporation•Africa, regionalSector•Unallocated/unspecifiedFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Sep 26, 2006

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

East African Development Bank (EADB)

Loan desecription

CDB loans $30 million line of credit to the East African Development Bank for on-lending purposes

Interest type•Unknown

Narrative

Full Description

Project narrative

On Tuesday 26th September 2006 the East African Development Bank (EADB) and China Development Bank (CDB) signed an indicative term sheet for a USD 30 million line of credit. Loans under this term sheet will be utilized to fund commercially viable projects operating in all developmental sectors as agreed between CDB and EADB to be vital to the East African economies. Another source reported that the line of credit will be used for on-lending purposes. The East African Development Bank is a multinational organization that is based in Uganda.