Overview

China Development Bank provides EUR 100 million credit facility to BOAD for on-lending activities

Commitments (Constant USD, 2023)$116,030,382

Commitment Year•2015Country of Activity•Africa, regionalDirect Recipient Country of Incorporation•Africa, regionalSector•Banking And Financial ServicesFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Nov 4, 2015

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Ultimate beneficial owners

At least 25% host country ownership

Funding agencies

State-owned Policy Banks

China Development Bank (CDB)

Receiving agencies

Intergovernmental Organizations

West African Development Bank (WADB/BOAD)

Loan description

China Development Bank provides EUR 100 million credit facility to BOAD for on-lending activities

Interest type•Unknown

Narrative

Full Description

Project narrative

On November 4, 2015, China Development Bank and Banque Ouest Africaine de Developpement (BOAD, or the West African Development Bank) signed an EUR 100 million credit facility agreement. The borrowing terms of the credit facility are unknown. 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