Project ID: 60346

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

Commitment amount

$ 60958472.5577011

Adjusted commitment amount

$ 60958472.56

Constant 2021 USD

Summary

Funding agency [Type]

China Development Bank (CDB) [State-owned Policy Bank]

Recipient

Africa, regional

Sector

Unallocated/unspecified (Code: 998)

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

Pipeline: Commitment (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2006-09-26

Description

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.

Number of official sources

1

Number of total sources

2

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Details

Cofinanced

No

Direct receiving agencies [Type]

East African Development Bank (EADB) [Intergovernmental Organization]

Loan Details

Bilateral loan