Project ID: 63465

China Eximbank provides RMB 102.3 million to Industrial Development Commission of Zimbabwe (IDCZ)

Commitment amount

$ 24205148.71034618

Adjusted commitment amount

$ 24205148.71

Constant 2021 USD

Summary

Funding agency [Type]

Export-Import Bank of China (China Eximbank) [State-owned Policy Bank]

Recipient

Zimbabwe

Sector

Unallocated/unspecified (Code: 998)

Flow type

Loan

Level of public liability

Central government-guaranteed debt

Infrastructure

No

Category

Intent

Development (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

ODA-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

2007-01-01

Description

In 2007, China Eximbank provided an RMB 102,324,925 loan to the Industrial Development Commission of Zimbabwe (IDCZ) for an unspecified purpose. The loan carried the following terms: 2% interest rate, 10 maturity, and 5 year grace period. The loan is repayable semi-annually from 21 March 2012 to 21 July 2017 in equal installments. The loan is guaranteed by the Government of Zimbabwe.

Additional details

This loan is not included in the database of Chinese loan commitments that SAIS-CARI released in July 2020.

Number of official sources

2

Number of total sources

2

Download the dataset

Details

Cofinanced

No

Direct receiving agencies [Type]

Industrial Development Corporation of Zimbabwe Ltd. [State-owned Company]

Guarantee provider [Type]

Government of Zimbabwe [Government Agency]

Loan Details

Maturity

10 years

Interest rate

2.0%

Grace period

5 years

Grant element (OECD Grant-Equiv)

36.4152%

Bilateral loan