Project ID: 60910

China Development Bank provides USD 5 million to XCMG Brazil

Commitment amount

$ 5761690.785104869

Adjusted commitment amount

$ 5761690.79

Constant 2021 USD

Summary

Funding agency [Type]

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

Recipient

Brazil

Sector

Industry, mining, construction (Code: 320)

Flow type

Loan

Level of public liability

Unallocable

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

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

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2017-12-01

Geography

Description

In December 2017, China Development Bank provided a USD 5 million loan to XCMG Brasil Industria Ltda ("XCMG BRASIL IND.LTDA."), the Brazilian branch of the Chinese construction equipment supplying company XCMG Construction. The loan status, terms and purpose are unclear. The Brazil Central Bank lists the loan registration (ID TA805087) as complete. This is one of three CDB loans given to XCMG Brazil in 2017. The USD 20 million loan is captured in Project ID #60432 and the USD 13 million loan is captured in Project ID #60466.

Number of official sources

1

Number of total sources

1

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Details

Cofinanced

No

Direct receiving agencies [Type]

XCMG Brasil Industria Ltda (XCMG Brazil) [State-owned Company]

Loan Details

Bilateral loan