Project ID: 92105

CDB provides $40 million loan to Global Bank Corporation of Panama for working capital purposes in June 2018

Commitment amount

$ 43593989.915147066

Adjusted commitment amount

$ 43593989.92

Constant 2021 USD

Summary

Funding agency [Type]

China Development Bank (CDB) [State-owned Policy Bank]

Recipient

Panama

Sector

Unallocated/unspecified (Code: 998)

Flow type

Loan

Level of public liability

Private debt

Infrastructure

No

Category

Intent

Mixed (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

OOF-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

Pipeline: Commitment (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2018-06-01

Description

In June 2018, Global Bank Corporation of Panama entered into a $40 million term facility agreement with China Development Bank for working capital purposes. The final maturity date of the loan is in 2021.

Number of official sources

1

Number of total sources

1

Download the dataset

Details

Cofinanced

No

Direct receiving agencies [Type]

Global Bank Corporation of Panama [Private Sector]

Implementing agencies [Type]

Global Bank Corporation of Panama [Private Sector]

Loan Details

Maturity

3 years

Bilateral loan

Inter-bank loan

Working capital