Project ID: 88324

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

Commitment amount

$ 521381.13051490026

Adjusted commitment amount

$ 521381.13

Constant 2021 USD

Summary

Funding agency [Type]

Bank of China (BOC) [State-owned Commercial Bank]

Recipient

Angola

Sector

Unallocated/unspecified (Code: 998)

Flow type

Grant

Infrastructure

No

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

Completion (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2020-01-01

Actual start

2020-10-31

Actual complete

2022-01-31

Description

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.

Additional details

Number of official sources

1

Number of total sources

2

Download the dataset

Details

Cofinanced

No

Direct receiving agencies [Type]

National Bank of Angola [Government Agency]