Project ID: 61243

XCMG Loans 3,449,485.00 USD to Target Trading S.A.

Commitment amount

$ 3818908.3943151096

Adjusted commitment amount

$ 3818908.39

Constant 2021 USD

Summary

Funding agency [Type]

XCMG Construction [State-owned Company]

Recipient

Brazil

Sector

Industry, mining, construction (Code: 320)

Flow type

Loan

Level of public liability

Private debt

Infrastructure

No

Category

Intent

Commercial (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

Completion (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2014-08-01

Geography

Description

In August 2014, Chinese state-owned XCMG Construction loaned 3,449,485 USD to Target Trading in export buyer's credits. The loan terms and use of the loan are unclear. The Central Bank of Brazil lists loan as import financing and lists the registration of the loan as complete.

Additional details

Number of official sources

1

Number of total sources

1

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Details

Cofinanced

No

Direct receiving agencies [Type]

Target Trading S.A. [Private Sector]

Loan Details

Bilateral loan

Supplier's credit/Export seller's credit