Overview

China Eximbank provides $200 million loan to Global Bank Corporation of Panama for working capital and general corporate purposes in March 2019

Commitments (Constant USD, 2023)$207,597,498

Commitment Year•2019Country 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: Mar 1, 2019

Last repayment (originally scheduled): Feb 28, 2022

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

Export-Import Bank of China (China Eximbank)

Receiving agencies

Private Sector

Global Bank Corporation S.A. of Panama

Implementing agencies

Private Sector

Global Bank Corporation S.A. of Panama

Loan description

China Eximbank provides $200 million loan to Global Bank Corporation of Panama for working capital and general corporate purposes in March 2019

Interest type•UnknownMaturity•3 years

Narrative

Full Description

Project narrative

In March 2019, Global Bank Corporation of Panama entered into a $200 million loan agreement with China Eximbank for working capital and general corporate purposes. Under the agreement, there may be several disbursements, for a minimum of $50.0 million, which will mature 36 months after the first disbursement. The availability period for disbursements ends 12 months starting April 2019.