Project ID: 89208

ICBC provides a grant for the construction of a new school building for Huaxieng village primary school

Summary

Funding agency [Type]

Industrial and Commercial Bank of China (ICBC) [State-owned Commercial Bank]

Recipient

Laos

Sector

Education (Code: 110)

Flow type

Grant

Infrastructure

Yes

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

2018-01-01

Actual complete

2019-01-05

Geography

Description

In 2018, the Vientiane Branch of the Industrial and Commercial Bank of China (ICBC) provided grant funding for the construction of new building for Huaxieng village primary school in Vientiane Province. The handover ceremony for the new school building was held on January 5, 2019. The monetary value of this donation is unknown.

Additional details

While "Chinese bank-funded school building handed over to local Lao community" is not explicit that the financing of this project took the form of a grant, the fact that ICBC's staff donated materials to the school and a loan would be highly unusual for this type of project, AidData has assumed this financing was a grant and coded accordingly.

Number of official sources

1

Number of total sources

2

Download the dataset

Details

Cofinanced

No

Direct receiving agencies [Type]

Government of Laos [Government Agency]