Active Mixed AidData Chinese Aid

China Development Bank lends $150 million to Peru's Banco de Credito

$150M USD

Funder	China Development Bank (CDB)
Recipient Organization	Banco de Crédito del Perú S.A.
Country	Peru
Start Date	Nov 28, 2011
End Date	Feb 08, 2031
Duration	7,012 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`36363`

Grant Description

China Development Bank lends $150 million to Peru's Banco de Credito On November 28, 2011, Banco de Crédito del Perú (BCP) and China Development Bank signed a loan agreement of $150 million payable over five years.

This loan contract was signed by BCP's Central Manager of Planning and Finance, Alvaro Correa, and the representative of CDB International Cooperation, Li Jianye.

The loan was expected to contribute to increasing international trade between Peru and China with a cooperation agreement aimed at channeling Chinese investments in Peru through the BCP.

📋 Staff Comments

1. May be linked to Project ID#36352. This issue requires further investigation.

📚 Sources & References

CDB Agrees to Offer USD150mn Loans to BCP
Mayor banco Perú obtiene préstamo 150 mln dlrs de banco chino
China's CDB to lend USD150 mln to Peru's Banco de Credito
Perú: BCP y China Development Bank suscriben préstamo por US$150M
The New Banks in Town: Chinese Finance in Latin America
中方银行拟向秘鲁银行贷1.5亿美元
CHINA DEVT BANK TO LEND US$150MLN TO PERU'S BANCO DE CREDITO
Peru's BCP
China Development Bank sign US$150mln loan agreement 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.