China Eximbank pledges loan to Rural Development Bank to support rice sector

Funder	Export-Import Bank of China (China Eximbank)
Recipient Organization	Agricultural and Rural Development Bank
Country	Cambodia
Start Date	Oct 02, 2013
End Date	Apr 16, 2029
Duration	5,675 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`32141`

Grant Description

China Eximbank pledges loan to Rural Development Bank to support rice sector On October 2, 2013, the Export-Import Bank of China signed a Memorandum of Understanding (MOU) agreement with the Rural Development Bank (RDB) to boost financing for Cambodia’s rice sector.

China Eximbank's chairman, Li Ruogu, and RDB's president, Son Kunthor, signed the MOU in which China Eximbank pledged to provide loans to the RDB without the need for a government guarantee.

📋 Staff Comments

A loan agreement is not recorded in any of the Rural Development Bank annual reports between 2013-2019, so this pledge does not appear to ever have materialized into a commitment.

📚 Sources & References

Cambodian bank gets China Ex-Im support
China's Exim Bank supports Cambodian bank in lending to rice sector
China's Exim Bank supports Cambodian bank in lending to rice sector
Cambodian PM urges China's Exim Bank to help deepen trade ties
Rural Development Bank Annual Report 2013 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.