Chinese Government signs 2 billion Kenyan shillings concessional loan framework agreement for development projects
Pledged amount
$ 49893515.28
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.
Umbrella project
This project is classified as an "umbrella" project, and is connected to related projects.
Summary
Funding agency [Type]
Unspecified Chinese Government Institution [Government Agency]
Recipient
Kenya
Sector
Unallocated/unspecified (Code: 998)
Flow type
Loan
Concessional
Yes
Category
Project lifecycle
Description
On April 24, 2006, Kenyan President Kibaki and Prime Minister Wen Jiabao signed a framework agreement on the provision of a 2 billion Kenyan shillings concessional loan by China to Kenya. The loan will support development projects in Kenya. Present in the talks for various agreements were Chairman Wu Bangguo of the Standing Committee of the National People's Congress of China, the Chief Executive of Hong Kong, Mr Donald Tsang, and African ambassadors accredited to China.
Additional details
Several developmental loans were extended by China in 2006; therefore, this project is marked as an Umbrella project.
Number of official sources
0
Number of unofficial sources
3
Details
Cofinanced
No
Receiving agencies [Type]
Government of Kenya [Government Agency]
Loan type
Concessional
Gurarantee provided
No
Insurance provided
No