CDB provides $70.3 million loan for Video Surveillance Project

In 2019, China Development Bank and the Government of Equatorial Guinea signed a $70,325,843.26 loan agreement for a Video Surveillance Project. According to Caja Autónoma de Amortización (CAA) de la Deuda Pública within Equatorial Guinea’s Ministry of Finance and Budget, the loan had not yet disbursed as of December 31, 2019. As such, no principal or interest repayments had been made as of December 31, 2019. No additional details are available, but several Government of Equatorial Guinea sources refer to projects that involved the installation of a video surveillance camera system at the Presidential Palace, the installation of a video surveillance camera system at Malabo International Airport, and the installation of a video surveillance camera system at Malabo-Sipopo Highway. ZTE Corporation appears to be responsible for most — if not all — of these projects.

Additional details

1. The Spanish project title is El Proyecto Videovigilancia or Sistema de Videovigilacia de Guinea Ecuatorial (FE). 2. This CDB loan is not included in the database of Chinese loan commitments that SAIS-CARI released in July 2020. Nor is it included it in the China’s Overseas Development Finance Dataset that Boston University's Global Development Policy Center published in December 2020. 3. The face value of the loan is drawn from ‘Cuadro General de la deuda al 31/12/2019’ from the Caja Autónoma de Amortización (CAA) de la Deuda Pública within Equatorial Guinea’s Ministry of Finance and Budget. 4. The precise loan commitment date is unknown. However, the first year that CDB ever issued a loan to the Government of Equatorial Guinea was 2019 (see staff comment #1 in Project ID#62258) and CAA identifies the 70,325,843.26 CDB loan in a list of loans contracted by the Government of Equatorial Guinea through December 31, 2019. 5. Various Government of Equatorial Guinea sources refer to El Proyecto de Instalacion de un Sistema de Camaras de Videovigilancia en el Aeropuerto Internacional de Malabo, El Sistema de Videovigilacia de Guinea Ecuatorial (FE), Instalacion de videovigilancia en la Autovia Malabo-Sipopo, and Suministro e instalacion del sistema de Videovigilancia en el Palacio Presidencial.

Number of official sources

7

Number of total sources

7