Project ID: 96038

ICBC provides $41.97 million loan to Ceylon Electricity Board for unspecified purposes

Commitment amount

$ 47156006.77664199

Adjusted commitment amount

$ 47156006.78

Constant 2021 USD

Summary

Funding agency [Type]

Industrial and Commercial Bank of China (ICBC) [State-owned Commercial Bank]

Recipient

Sri Lanka

Sector

Unallocated/unspecified (Code: 998)

Flow type

Loan

Level of public liability

Other public sector 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

Implementation (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2019-07-02

Description

On July 2, 2019, ICBC issued a $41.97 million loan to Ceylon Electricity Board — a Sri Lankan state-owned enterprise — for unspecified purposes. The loan’s final maturity date is April 23, 2026. Its outstanding amount as of December 31, 2021 was $26.53 million.

Number of official sources

2

Number of total sources

2

Download the dataset

Details

Cofinanced

No

Direct receiving agencies [Type]

Ceylon Electricity Board [State-owned Company]

Implementing agencies [Type]

Ceylon Electricity Board [State-owned Company]

Loan Details

Maturity

7 years

Bilateral loan