Project ID: 72433

China Development Bank provides EUR 60 million credit facility to BOAD for on-lending activities

Commitment amount

$ 102581911.40740892

Adjusted commitment amount

$ 102581911.41

Constant 2021 USD

Summary

Funding agency [Type]

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

Recipient

Africa, regional

Sector

Banking and financial services (Code: 240)

Flow type

Loan

Level of public liability

Unallocable

Infrastructure

No

Category

Intent

Development (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

2011-08-18

Description

On August 18, 2011, China Development Bank and Banque Ouest Africaine de Developement (BOAD, or the West African Development Bank) signed an EUR 60 million credit facility agreement. This credit facility carries the following borrowing terms: a 5% interest rate, a 7-year maturity, and a 2-year grace period. The proceeds were to be used by the borrower for on-lending purposes and for projects in the commercially-operated public sector and the private sector.

Additional details

1. In the database of Chinese loan commitments that SAIS-CARI released in July 2020, it does not identify the borrowing terms of this loan. AidData records the borrowing terms (5% interest rate, 7-year maturity, and a 2-year grace period) that the borrower (BOAD) has publicly disclosed.

Number of official sources

7

Number of total sources

8

Download the dataset

Details

Cofinanced

No

Direct receiving agencies [Type]

West African Development Bank (WADB/BOAD) [Intergovernmental Organization]

Loan Details

Maturity

7 years

Interest rate

5.0%

Grace period

2 years

Grant element (OECD Grant-Equiv)

16.6511%

Bilateral loan