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Overview

China Eximbank provides $13.1 million loan for Public Administration Project

Commitments (Constant USD, 2023)$21,920,265
Commitment Year•2007Country of Activity•GuineaDirect Recipient Country of Incorporation•GuineaSector•Government And Civil SocietyFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Jun 28, 2007
First repayment (originally scheduled)
Jun 26, 2012
Last repayment (originally scheduled)
Jun 24, 2022

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

Government Agencies

  • Government of Guinea

Loan description

China Eximbank provides $13.1 million loan for Public Administration Project

Grace period•5 yearsGrant element•16.4873%Interest rate (t₀)•7.0713%Interest type•Fixed Interest RateMaturity•15 years

Narrative

Full Description

Project narrative

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.

Staff comments

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.