Project ID: 92107

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

Commitment amount

$ 224712922.45242786

Adjusted commitment amount

$ 224712922.45

Constant 2021 USD

Summary

Funding agency [Type]

Export-Import Bank of China (China Eximbank) [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

2019-03-01

Description

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.

Number of official sources

2

Number of total sources

2

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