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Active Mixed AidData Chinese Aid

China Eximbank provides $400 million general loan agreement to Thai Ministry of Finance

$400M USD

Funder Export-Import Bank of China (China Eximbank)
Recipient Organization Thailand Ministry of Finance
Country Thailand
Start Date Oct 22, 2007
End Date Sep 26, 2030
Duration 8,375 days
Number of Grantees 1
Roles Recipient
Data Source AidData Chinese Aid
Grant ID 35096
Grant Description

China Eximbank provides $400 million general loan agreement to Thai Ministry of Finance On October 22, 2007, the Ministry of Finance of the Kingdom of Thailand and China Eximbank signed a $400 million general loan agreement.

Under the terms of the agreement, the lender agreed to issue individual (subsidiary) loan agreements (ILAs) as preferential buyer's credits (PBC) that would cover up to 85% of the cost of commercial contracts with Chinese companies for specific investment projects in Thailand.

📋 Loan / Grant Terms
📅 Maturity15 years
⏳ Grace Period5 years
📋 Staff Comments

1. The October 2007 general loan agreement between China Eximbank and the Thai Ministry of Finance can be accessed in its entirety via https://www.dropbox.com/scl/fi/pvj5rff74ejm5yoyme4rj/Thailand-2007-China-Eximbank-Preferential-Buyer-s-Credit-Agreement.pdf?rlkey=aadta4i2bqkh8381n4h28ruyz&dl=0.

📚 Sources & References
  • China to finance Thailand's basic infrastructure development
  • China to finance Thailand's basic infrastructure development
  • Deputy Finance Minister Welcomed China EXIM Bank???s Top Executive
  • DJ Thai Min: China Exim Bank Keen To Finance Govt Mega Projects
  • Draft of the General Framework Agremeent between the Ministry of Finance and the Export-Import Bank of China
  • General Loan Agreement Regarding Utilization of the Preferential Buyer's Credit
  • Thai Cabinet Oks $400M General Loan Deal With China Exim Bk
  • Thai PM brushes aside report on $400m China loan request
  • Thailand 2007 China Eximbank Preferential Buyer
  • Thailand mulls 400-million-dollar loan from China, คมนาคมจ่อโรดโชว์จีน มิย นี้ ดึงลงทุนรางรถไฟคู่-ความเร็วสูง, ชงครม.ทุ่ม1.3หมื่นล.โละหัวรถจักรเก่า, ร่างกรอบความตกลงทั่วไประหว่างกระทรวงการคลังกับธนาคารเพื่อการส่งออกและนำเข้าแห่งประเทศจีน, ร่างกรอบความตกลงทั่วไประหว่างกระทรวงการคลังกับธนาคารเพื่อการส่งออกและนำเข้าแห่งประเทศจีน, แบงก์กรุงเทพ (ประเทศจีน) 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.
All Grantees

Thailand Ministry of Finance

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