China Eximbank provides $100 million loan to Afreximbank for short-term trade finance activities and medium-term project finance on-lending activities in May 2009
Commitment amount
$ 150201004.8274792
Adjusted commitment amount
$ 150201004.83
Constant 2021 USD
Summary
Funding agency [Type]
Export-Import Bank of China (China Eximbank) [State-owned Policy Bank]
Recipient
Africa, regional
Sector
Other multisector (Code: 430)
Flow type
Loan
Level of public liability
Unallocable
Infrastructure
No
Category
Project lifecycle
Description
On May 13, 2009, the Export-Import Bank of China and the African Export-Import Bank (Afreximbank) signed a $100 million trade and project financing facility agreement. Under this facility, $20 million was used by Afreximbank to fund short-term trade finance activities and $80 million was channeled into medium-term project finance on-lending to its clients in support of the acquisition of a variety of Chinese goods and services from a broad range of sectors including: industry and agro-industry, telecommunications, energy and environmental protection, transportation, water supply, and sanitation.
Additional details
Number of official sources
3
Number of total sources
4
Details
Cofinanced
No
Direct receiving agencies [Type]
African Export-Import Bank (Afreximbank) [Intergovernmental Organization]
Implementing agencies [Type]
African Export-Import Bank (Afreximbank) [Intergovernmental Organization]