Overview

China Development Bank disbursed 29.9 million euros through credit facility agreement with BDEAC in 2013 (Linked to Record ID#85213)

Commitments (Constant USD, 2023)$41,048,094

Commitment Year•2013Country of Activity•Africa, regionalDirect Recipient Country of Incorporation•Africa, regionalSector•Other MultisectorFlow Type•Loan

Status

Project lifecycle

Implementation

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Oct 23, 2013

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

Development Bank of Central African States (BDEAC)

Loan description

China Development Bank disbursed 29.9 million euros through credit facility agreement with BDEAC in 2013

Interest type•Unknown

Narrative

Full Description

Project narrative

On October 23, 2013, China Development Bank and the Development Bank of Central African States (BDEAC) signed an EUR30 million credit facility agreement (captured in Record ID#85213). The proceeds were to be used by the borrower for on-lending to small- and medium-sized enterprises — working in fields of agriculture, energy, transportation, infrastructure and industry — in Central African Economic and Monetary Community (CEMAC) member countries, which include Cameroon, Chad, the Central African Republic, Equatorial Guinea, Gabon, and the Republic of Congo. CDB disbursed 29.9 million euros through this credit facility agreement in 2013 (captured by this project, #85735).