Project ID: 67506

China Development Bank provides $35.3 million loan for construction of training center and installation of a database at Angola’s Ministry of Energy and Water

Commitment amount

$ 40677536.942840375

Adjusted commitment amount

$ 40677536.94

Constant 2021 USD

Summary

Funding agency [Type]

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

Recipient

Angola

Sector

Government and civil society (Code: 150)

Flow type

Loan

Level of public liability

Central government debt

Infrastructure

Yes

Category

Intent

Development (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

Vague (Official Finance) (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

2017-03-17

Geography

Description

On 17 March 2017, China Development Bank (CDB) and the Government of Angola signed a $35.3 million loan agreement for the construction of a training center as well as the supply and installation of a database at Angola’s Ministry of Energy and Water. The loan terms are unknown. The proceeds of the loan will be used to partially finance a commercial contract with an unidentified firm.

Number of official sources

3

Number of total sources

4

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Details

Cofinanced

No

Direct receiving agencies [Type]

Government of Angola [Government Agency]

Implementing agencies [Type]

Angola Ministry of Energy and Water (ANGOP) [Government Agency]

Loan Details

Bilateral loan

Investment project loan