China Eximbank provides $13.1 million loan for Public Administration Project
Commitment amount
$ 23736875.97824284
Adjusted commitment amount
$ 23736875.98
Constant 2021 USD
Summary
Funding agency [Type]
Export-Import Bank of China (China Eximbank) [State-owned Policy Bank]
Recipient
Guinea
Sector
Government and civil society (Code: 150)
Flow type
Loan
Level of public liability
Central government debt
Infrastructure
No
Category
Project lifecycle
Description
On June 28, 2007, China Eximbank and the Government of Guinea signed a government concessional loan (GCL) agreement worth $13,192,544.80 for the Public Administration Project. The estimated borrowing terms of the loan are as follows: an interest rate of 7.0713%, a 15 year maturity, and a 5 year grace period. The purpose of the project was to improve communication between different government agencies in Guinea. The implementation status of the project is unknown.
Additional details
1. The French project title is La communication entre le différents services de l’Administration publique. 2. The loan commitment date is drawn from the following official source: https://www.dropbox.com/s/pdk8ugag8uy2150/L013_2007_AN%20Accord%20de%20pr%C3%AAt%20concessionnel%20Gouvernemental.pdf?dl=0. 3. The face value and borrowing terms of the loan are drawn from the World Bank's Debtor Reporting System (DRS). See https://www.dropbox.com/s/jh3ypyfvbm2i7yh/Data_Extract_From_International_Debt_Statistics.xlsx?dl=0 and https://www.dropbox.com/s/949n5rctiue6d7c/IDS_Average_grace_period_and_maturity_on_new_external_debt_commitments.xlsx?dl=0 and https://www.dropbox.com/s/ab8qt4n6jijcbhd/IDS_Average%20interest%20on%20new%20external%20debt%20commitments.xlsx?dl=0.
Number of official sources
2
Number of total sources
9
Details
Cofinanced
No
Direct receiving agencies [Type]
Government of Guinea [Government Agency]
Loan Details
Maturity
15 years
Interest rate
7.0713%
Grace period
5 years
Grant element (OECD Grant-Equiv)
11.0925%