Exim Bank Commits Line of Credit with Bancomext

Funder	Export-Import Bank of China (China Eximbank)
Recipient Organization	Banco Nacional de Comercio Exterior
Country	Mexico
Start Date	Sep 01, 2004
End Date	Dec 18, 2031
Duration	9,969 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`36928`

Grant Description

Exim Bank Commits Line of Credit with Bancomext In September 2004, the Export-Import Bank of China and Mexico's Banco Nacional de Comercio Exterior (also known as 'Bancomext') signed a pact to boost trade by establishing reciprocal lines of credit for purchases of capital goods and equipment.

The agreement was signed by the president of the Export-Import Bank of China, Yang Zilin, and the director general of Mexico's Banco Nacional de Comercio Exterior, Hector Reyes.

The pact aims to boost exports of capital goods, equipment, natural resources and services by creating mutual credit lines. The transaction amount is unknown.

📚 Sources & References

China and Mexico agree to credit lines to boost trade 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.