Narrative
Full Description
Project narrative
In 2021, China Eximbank and the Black Sea Trade Development Bank signed a $50 million loan agreement for on-lending purposes. The loan carried a 3-year maturity and an unknown interest rate.
Overview
China Eximbank provides $50 million loan to Black Sea Trade Development Bank for on-lending purposes
Commitments (Constant USD, 2023)$46,107,082
Commitment Year•2021Country of Activity•Europe, regionalDirect Recipient Country of Incorporation•Europe, regionalSector•Banking And Financial ServicesFlow Type•Loan
Status
Project lifecycle
Pipeline: Commitment
Pipeline: PledgePipeline: CommitmentImplementationCompletion
Timeline
Key dates
- Commitment date
- Jan 1, 2021
- Last repayment (originally scheduled)
- Jan 1, 2024
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
Intergovernmental Organizations
- Black Sea Trade and Development Bank
Loan description
China Eximbank provides $50 million loan to Black Sea Trade Development Bank for on-lending purposes
Interest type•UnknownMaturity•3 years