Project ID: 69988

China Eximbank provides government concessional loan for Press Modernization Project

Summary

Funding agency [Type]

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

Recipient

Cuba

Sector

Communications (Code: 220)

Flow type

Loan

Level of public liability

Central government debt

Infrastructure

No

Category

Intent

Development (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

ODA-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

Implementation (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2017-06-23

Description

On 23 June 2017, China Eximbank provided a Government Concessional Loan (GCL) to the Government of Cuba for the Press Modernization Project (Proyecto Modernización Editorial de la Prensa). The face value and terms of the loan are unclear. On 24 September 2016, a framework agreement for a renovation project linked to the production of press and graphic materials was signed by Chinese Prime Minister, Li Keqiang, and the Army General, President of the Councils of State and Ministers, Raúl Castro Ruz.

Additional details

This project has been coded with Implementation status, as the terms of the loan (and thus the repayment schedule) cannot be confirmed.

Number of official sources

2

Number of total sources

5

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Details

Cofinanced

No

Direct receiving agencies [Type]

Government of Cuba [Government Agency]

Loan Details

Bilateral loan

Government Concessional Loan