ICBC signs buyer’s credit loan framework agreement to support animal husbandry in Ukraine
Not recommended for aggregates
This project is not recommended for use in creating aggregated sums. See the documentation for more information about this criteria.
Summary
Funding agency [Type]
Industrial and Commercial Bank of China (ICBC) [State-owned Commercial Bank]
Recipient
Ukraine
Sector
Agriculture, forestry, fishing (Code: 310)
Flow type
Loan
Level of public liability
Private debt
Infrastructure
No
Category
Project lifecycle
Description
In 2011, the Industrial and Commerical Bank of China signed a framework agreement with the Ukrainian LLC "UBinvest" to finance an animal husbandry (or cattle breeding) project in Ukraine through export buyers credits. The China National Machinery Industry Complete Engineering Corporation (CMCEC) agreed to implement the project. The animal husbandry project in Ukraine is a part of the "Going Global" program that the ICBC proactively supports. By the end of 2011, the Bank’s loans supporting projects of Chinese-funded enterprises “Going Global” exceeded USD10.0 billion. The amount of this total going towards the Ukraine animal husbandry project is unknown.
Number of official sources
5
Number of total sources
5
Details
Cofinanced
No
Direct receiving agencies [Type]
LLC "Ubinvest" [Private Sector]
Implementing agencies [Type]
China National Machinery Industry Corporation (Sinomach) [State-owned Company]