China Eximbank provides $55.3 million loan for Mpila Social Housing Project

In 2013, China Eximbank and the Government of the Republic of Congo signed a $55,375,960 loan agreement for the Mpila Social Housing Project. This loan carried a 13-year maturity, but its grace period and interest rate are unknown. Its (principal) amount outstanding was $32.310,970 as of December 31, 2019. The implementation status of this project is unknown. The project involved the construction of housing units in the Mpila neighborhood within the capital city of Brazzaville.

Additional details

1. The French project title is Logements sociaux de Mpila-Général. 2. The China Eximbank loan that supported this project is not included in the database of Chinese loan commitments that SAIS-CARI released in July 2020. Nor is it included in the Chinese Overseas Development Finance Dataset published by Boston University’s Global Development Policy Center in December 2020. However, it is recorded by the Republic of Congo’s Public Debt Agency (Caisse Congolaise d’Amortissement or CCA) and Délégation Générale des Grands Travaux (DGGT). 3. The loan commitment year is unknown, but after a munition’s explosion in the Mpila neighborhood within the capital city of Brazzaville on March 4, 2012, China Eximbank approved a series of loans for housing development projects in Mpila in 2013 and 2014. Therefore, AidData assumes for the time being that the loan commitment for this housing development project took place in 2013. This loan commitment should not be confused with the other China Eximbank loan commitments that supported housing development projects in Mpila (see Project ID#68909, ID#31029, and ID#69010).

Number of official sources

4

Number of total sources

6