Overview

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

Commitments (Constant USD, 2023)$22,352,700

Commitment Year•2007Country of Activity•ZimbabweDirect Recipient Country of Incorporation•ZimbabweSector•Unallocated/unspecifiedFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Jan 1, 2007

First repayment (originally scheduled): Dec 31, 2011

Last repayment (originally scheduled): Dec 29, 2016

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Ultimate beneficial owners

At least 25% host country ownership

Funding agencies

State-owned Policy Banks

Export-Import Bank of China (China Eximbank)

Receiving agencies

State-owned companies

Industrial Development Corporation of Zimbabwe Ltd.

Guarantors

Government Agencies

Government of Zimbabwe

Loan description

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

Grace period•5 yearsGrant element•40.1653%Interest rate (t₀)•2%Interest type•Fixed Interest RateMaturity•10 years

Narrative

Full Description

Project narrative

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.

Staff comments

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