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Chinese Government pledges $45 million credit line to Venezuela for housing construction (linked to Record ID#35912)
| Funder | Unspecified Chinese Government Institution |
|---|---|
| Recipient Organization | Government of Venezuela |
| Country | Venezuela |
| Start Date | Jan 29, 2005 |
| End Date | Aug 16, 2028 |
| Duration | 8,600 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 35908 |
Grant Description
Chinese Government pledges $45 million credit line to Venezuela for housing construction On January 29, 2005, Chinese Vice President Zeng Qinghong signed a memorandum of understanding for the provision of a USD 45 million credit line to Venezuela.
The funds were to be used on housing construction projects in Venezuela, and this project is a part of Venzuelan President Chavez’s program to reduce poverty in Venezuela.
The credit line is part of a collection of 19 cooperation agreements between China and Venezuela that was signed on January 29, 2005. Details of the loan and the project's current status are uncertain.
Sources & References
- Chinese vice president signs cooperation pacts in Venezuela
- Chinese Influence on the Rise in Latin America
- Planes, proyectos, y convenios de expansión de PDVSA a nuevos mercados para los próximo 5 años
- Venezuela
- China sign 19 cooperation accords
- China y Venezuela Una Asociació n Estraté gica Integral
- La Visita de Zeng Qinghong a Venezuela Cosecha Importantes Frutos: 19 Documentos de Cooperación entre Ambos Países 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
Government of Venezuela
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