Project ID: 60562

Bank of China Loans $6,800,000 to Vale Brazil

Commitment amount

$ 7528247.573577721

Adjusted commitment amount

$ 7528247.57

Constant 2021 USD

Summary

Funding agency [Type]

Bank of China (BOC) [State-owned Commercial Bank]

Recipient

Brazil

Sector

Industry, mining, construction (Code: 320)

Flow type

Loan

Level of public liability

Private debt

Infrastructure

No

Category

Intent

Mixed (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

OOF-like (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

2014-12-01

Geography

Description

In December 2014, the Bank of China loaned $6,800,000 to Vale Brazil, a Brazilian multinational corporation engaged in metals and mining. The loan terms and the use of the loan is unclear. The Brazil Central Bank lists the registration as complete, but the status of the loan is unclear.

Number of official sources

1

Number of total sources

1

Download the dataset

Details

Cofinanced

No

Direct receiving agencies [Type]

Vale of Brazil [Private Sector]

Loan Details

Bilateral loan