Project ID: 69220

CDB provides $13 million loan for construction of cashmere production workshops, warehouses, and other supporting facilities

Commitment amount

$ 15263606.253035987

Adjusted commitment amount

$ 15263606.25

Constant 2021 USD

Summary

Funding agency [Type]

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

Recipient

Madagascar

Sector

Industry, mining, construction (Code: 320)

Flow type

Loan

Level of public liability

Private debt

Infrastructure

Yes

Category

Intent

Commercial (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: Commitment (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2012-01-01

Geography

Description

In 2012, CDB provided a $13 million loan to King Deer Cashmere Co Ltd (鹿王羊绒马达加斯加有限公司) for the construction of cashmere production workshops, warehouses and other supporting facilities in Madagascar. Upon completion, it was expected that King Deer Cashmere Co Ltd would be capable of producing 1.3 million cashmere sweaters each year. The implementation status of this project is unknown.

Additional details

Number of official sources

5

Number of total sources

8

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Details

Cofinanced

No

Direct receiving agencies [Type]

King Deer Cashmere Co Ltd [Private Sector]

Loan Details

Bilateral loan

Investment project loan