Overview

CDB provides $80 million loan to Global Bank Corporation of Panama for working capital purposes in November 2018

Commitments (Constant USD, 2023)$80,503,704

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: Nov 1, 2018

Last repayment (originally scheduled): Oct 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 $80 million loan to Global Bank Corporation of Panama for working capital purposes in November 2018

Interest type•UnknownMaturity•3 years

Narrative

Full Description

Project narrative

In November 2018, Global Bank Corporation of Panama entered into a $80 million term facility agreement with China Development Bank for working capital purposes. The final maturity date of the loan is in 2021.