Project ID: 67060

China Eximbank provides $8.5 million buyer’s credit loan for Iran's Bank of Industry and Mine to produce sodium carbonate used in glass manufacturing

Commitment amount

$ 21814882.194759883

Adjusted commitment amount

$ 21814882.19

Constant 2021 USD

Summary

Funding agency [Type]

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

Recipient

Iran

Sector

Industry, mining, construction (Code: 320)

Flow type

Loan

Level of public liability

Other public sector debt

Infrastructure

No

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

Completion (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2000-01-01

Actual start

2000-01-01

Geography

Description

In January 2000, China Eximbank issued a $8.5 million buyer’s credit loan to Iran’s Bank of Industry and Mine — an Iranian government-owned bank — for the production of sodium carbonate used in glass manufacturing. This loan is fully disbursed. Iran subsequently imported $8 million worth of sodium carbonate from China, but once the sodium carbonate was imported, Iran became self-sufficient in production.

Additional details

1. The China Eximbank loan that supported this project 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

1

Number of total sources

2

Download the dataset

Details

Cofinanced

No

Direct receiving agencies [Type]

Iran Bank of Industry and Mines [State-owned Bank]

Loan Details

Bilateral loan

Export buyer's credit

Inter-bank loan