Narrative
Full Description
Project narrative
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.
Overview
CDB provides $40 million loan to Global Bank Corporation of Panama for working capital purposes in June 2018
Commitments (Constant USD, 2023)$40,251,852
Commitment Year•2018Country of Activity•PanamaDirect Recipient Country of Incorporation•PanamaSector•Unallocated/unspecifiedFlow Type•Loan
Status
Project lifecycle
Pipeline: Commitment
Pipeline: PledgePipeline: CommitmentImplementationCompletion
Timeline
Key dates
- Commitment date
- Jun 1, 2018
- Last repayment (originally scheduled)
- May 31, 2021
Stakeholders
Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities
Ultimate beneficial owners
At least 25% host country ownership
Funding agencies
State-owned Policy Banks
- China Development Bank (CDB)
Receiving agencies
Private Sector
- Global Bank Corporation S.A. of Panama
Implementing agencies
Private Sector
- Global Bank Corporation S.A. of Panama
Loan description
CDB provides $40 million loan to Global Bank Corporation of Panama for working capital purposes in June 2018
Interest type•UnknownMaturity•3 years