Project ID: 68451

ICBC signs MOU with Angola for infrastructure construction project(s)

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

Angola

Sector

Other multisector (Code: 430)

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

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2014-05-09

Description

On May 9, 2014, ICBC and the Angolan Ministry of Finance signed a memorandum of understanding (MOU) for a loan to support infrastructure construction. This MOU may have led to ICBC's financing to the Soyo power plant and Kilamba Kiaxi Housing Project Phase II.

Number of official sources

1

Number of total sources

1

Download the dataset

Details

Cofinanced

No

Direct receiving agencies [Type]

Angola Ministry of Finance [Government Agency]

Loan Details

Bilateral loan