Project ID: 738

Chinese Government pledges $60 million loan for Agricultural Development Project

Pledged amount

$ 93686106.08

Constant 2017 USD

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]

Unspecified Chinese Government Institution [Government Agency]

Recipient

Guinea-Bissau

Sector

Agriculture, forestry, fishing (Code: 310)

Flow type

Loan

Concessional

Yes

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

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

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment year

2007

Description

In January 2007, China's Foreign Minister Li Zhaoxing visited Guinea-Bissau for cooperation talks and met with Antonio Isac Monteiro. At the time, Guinea-Bissau’s Foreign Ministry reported that the Chinese Government planned to issue a $60 million loan to the Government of Guinea-Bissau for the following agricultural season. In the database of Chinese loan commitments that SAIS-CARI released in July 2020, it identified a $60 million Chinese Government loan commitment for an Agricultural Development Project and it claims that this project was completed. However, in June 2018 email correspondence between AidData’s Executive Director, the Director General of the Office of the Secretary of State for Planning and Regional Integration in Guinea-Bissau did not confirm receipt of any such loan. Nor has AidData has identified any other official sources that corroborate the receipt of such a loan (i.e. the signing of a loan agreement on a specific date). Also, as of November 2020, there was no evidence in the World Bank Debtor Reporting System that the Government of Guinea-Bissau has any outstanding debt obligations to the Chinese Government.

Number of official sources

5

Number of unofficial sources

2

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Details

Cofinanced

No

Receiving agencies [Type]

Government of Guinea-Bissau [Government Agency]

Implementing agencies [Type]

Guinea-Bissau Ministry for Foreign Affairs & International Cooperation [Government Agency]

Loan type

Concessional

Gurarantee provided

No

Insurance provided

No