Project ID: 66852

CDB pledges to finance rehabilitation of provincial hospital in Cabinda (Linked to Project ID#66847)

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]

China Development Bank (CDB) [State-owned Policy Bank]

Recipient

Angola

Sector

Health (Code: 120)

Flow type

Loan

Level of public liability

Central government debt

Infrastructure

Yes

Category

Intent

Mixed (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

Pipeline: Pledge (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2015-01-01

Description

In 2015, China Development Bank provided a $15 billion loan facility to Angola (see project #66847). This loan facility reportedly financed the rehabilitation of a provincial hospital in Cabinda. In 2018, authorities were reported as still trying to activate the credit line for this project. It is unclear if any financing from the loan facility was committed or disbursed to this project.

Additional details

Further project details, including transaction amount, are unclear.

Number of official sources

0

Number of total sources

1

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Details

Cofinanced

No

Direct receiving agencies [Type]

Government of Angola [Government Agency]

Implementing agencies [Type]

Government of Angola [Government Agency]

Collateral

Receivables from a designated oil contract

Loan Details

Bilateral loan

Investment project loan