CDB provides $8 million loan to Rural Development Bank for paddy and rice improvement activities
Commitment amount
$ 9392988.46340676
Adjusted commitment amount
$ 9392988.46
Constant 2021 USD
Summary
Funding agency [Type]
China Development Bank (CDB) [State-owned Policy Bank]
Recipient
Cambodia
Sector
Agriculture, forestry, fishing (Code: 310)
Flow type
Loan
Level of public liability
Other public sector debt
Infrastructure
No
Category
Project lifecycle
Geography
Description
In the first half of 2012, China Development Bank issued an $8 million loan to Cambodia's Rural Development Bank (RDB) for paddy and rice improvement activities ('Rural Development Bank Annual Report 2013' pdf p.7). The interest rate (per annum) for the CDB loan is listed as 5.21%-5.45% in 2013 and 4.75%-5.49% in 2012 ('Rural Development Bank Annual Report 2013' pdf p.50). AidData has recorded the interest rate as the midpoint (5.45%) between 2012-2013. The loan was drawn down by December 31, 2017 according to the Rural Development Bank 2017 Annual Reports.
Additional details
RDB, which is also known as Agricultural and Rural Development Bank, is an autonomous public enterprise established by the Royal Government of Cambodia. This CDB loan is not included in the Overseas Development Finance Dataset that Boston University’s Global Development Policy Center published in December 2020.
Number of official sources
6
Number of total sources
9
Details
Cofinanced
No
Direct receiving agencies [Type]
Rural Development Bank (RDB) [State-owned Bank]
Loan Details
Interest rate
5.45%