Project ID: 94070

CDB provides $70 million loan to Export Credit Bank of Turkey for on-lending purposes

Commitment amount

$ 70000000.0

Adjusted commitment amount

$ 70000000.0

Constant 2021 USD

Summary

Funding agency [Type]

China Development Bank (CDB) [State-owned Policy Bank]

Recipient

Türkiye

Sector

Banking and financial services (Code: 240)

Flow type

Loan

Level of public liability

Other public sector debt

Infrastructure

No

Category

Intent

Development (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

Vague (Official Finance) (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

Completion (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2021-12-01

Description

In 2021, China Development Bank (CDB) issued a $70 million loan to the Export Credit Bank of Türkiye (Türk Eximbank) for on-lending purposes. The loan carries a 3-year maturity. Its other borrowing terms are unknown.

Additional details

Number of official sources

2

Number of total sources

2

Download the dataset

Details

Cofinanced

No

Direct receiving agencies [Type]

Export Credit Bank of Turkey (Turk Eximbank) [State-owned Bank]

Loan Details

Maturity

3 years

Bilateral loan

Inter-bank loan