Skip to content
AidData logo

Overview

Bank of China (BOC) grants 270 million kwanzas to Angola for general use to improve the economy

Commitments (Constant USD, 2023)$481,652
Commitment Year•2020Country of Activity•AngolaDirect Recipient Country of Incorporation•AngolaSector•Unallocated/unspecifiedFlow Type•Grant

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Jan 1, 2020
Start (actual)
Oct 31, 2020
End (actual)
Jan 31, 2022

Stakeholders

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

Funding agencies

State-owned Commercial Banks

  • Bank of China (BOC)

Receiving agencies

Government Agencies

  • National Bank of Angola

Loan description

Bank of China (BOC) grants 270 million kwanzas to Angola for general use to improve the economy

Narrative

Full Description

Project narrative

On October 31st, 2020, the Bank of China (BOC) granted 270 million kwanzas to Angola for general use to improve the economy. No other information about the specific usage of the grant was provided. As of November 12th, 170 million kwanzas within the grant have been disbursed, with another 100 million to be issued in 6 months. As of January 31, 2022, it appears the grant had been fully disbursed. The grant is one part of an overall credit line of 440 million kwanzas to Angola for the country's economy.