[Umbrella] China Eximbank provides $500 million loan for 17 projects involving hospitals, water supply, transportation, and education

$500K USD

Funder	Export-Import Bank of China (China Eximbank)
Recipient Organization	Government of Angola
Country	Angola
Start Date	Jul 06, 2012
End Date	Oct 28, 2032
Duration	7,419 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`30050`

Grant Description

📋 Loan / Grant Terms

💰 Loan Amountfor 17 projects involving hospitals

It is unclear whether this loan was ever disbursed. The sub-projects are yet to be tracked down.

📋 Staff Comments

A Chinese MOFCOM article (source #88753) says this is a single $500 million USD agreement, but a French Press Agency article (source #16144) says it was 17 separate agreements with a total value of $500 million USD. AidData relies on the former since it is an official source.

📚 Sources & References

Angola wins $500 mln loan from China
Angola takes out US$500 million in loans from China ExIm Bank
中国进出口银行代表团与驻安中资企业座谈
中国进出口银行与安哥拉财政部签署互惠贷款合作项下17个项目的单项贷款协议 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.