CDB provides $200 million loan to NBE for investment projects and SMEs (Linked to Record ID#30705 and ID#58774)

📋 Staff Comments

1. Hong Kong Government News and and one of two reporters from Voice of America identify the $200,000,000 as a credit line rather than a soft loan. Given the loan's maturity, interest rate, and grace period, AidData assumes that the agreement does in fact refer to a loan as opposed to a credit line.
2. For loan and debt rescheduling records with variable interest rates, AidData calculates the all-in interest rate at T0 based on the reference rate (such as LIBOR or EURIBOR) on the loan start date, plus any known margin. Please see the methodology for additional details.

📚 Sources & References

• Shanghai Municipal Government: Beijing to Give Egypt US$200m Credit Deal
• Plans to attract foreign direct investments worth US$13 billion during the coming three years
• Morsy's Visit to China Yields Fruitful Outcome
• China Pledges Credit
• Police Cars to Egypt
• Egypt: Eight Agreements for Supporting Economic Cooperation With China
• Multi-million dollar loan from China due to arrive in National Bank
• TIMEP Brief: China’s Role in Egypt’s Economy
• To Back Democracy
• U.S. Prepares to Cut $1 Billion From Egypt’s Debt
• US Nears Deal for $1 Billion in Egypt Debt Relief
• Chinese Firms Brave Uncertainty in Egypt to Gain a Foothold in Middle East
• China grants Egypt LE430 million
• Egypt-China economic relations anticipate a boost
• 中华人民共和国和阿拉伯埃及共和国联合新闻公报
• ChinaLoansToAfrica©SAIS-CARI.csv
• NBE_ Exchange rates of key global currencies rates Sunday 31-01-2021 vs. Egyptian pound -- Amwal Al Ghad
• Egyptian
• Chinese banks sign $700m deal for funding infrastructure projects - Almaghrib Today
• China's Overseas Development Finance 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.