China Development Bank pledges to finance construction of cotton processing plant

$20M USD

Funder	China Development Bank (CDB)
Recipient Organization	Government of Mozambique
Country	Mozambique
Start Date	Jan 01, 2012
End Date	Jul 13, 2033
Duration	7,864 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`1223`

Grant Description

China Development Bank pledges to finance construction of cotton processing plant On June 18, 2010 the President of China Development Bank pledged a $20 million loan for the construction of a cotton processing plant in Magude. It is unknown if this pledge ever resulted in an official commitment.

📚 Sources & References

http://www.open.ac.uk/technology/mozambique/pics/d133451.pdf
Chinese Banks to Invest U.S.$165 Million, http://dspace.cigilibrary.org/jspui/bitstream/123456789/32541/1/saia_spb_37_alves_20111111.pdf?1
China's Involvement in Mozambique, http://global.factiva.com/aa/?ref=AFNWS00020100618e66i001rx&pp=1&fcpil=en&napc=S&sa_from=
Chinese Banking Interests in Mozambique
China’s state banks to finance projects in Mozambique Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.