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Active Mixed AidData Chinese Aid

[China-Venezuela Joint Fund] China funds nine Socialist Agricultural Development Schemes (Linked to Record ID#58677, 37804, 37808, 91524,91536, 91538, 91539, 91553, 91565, 91569, 91615, 91618)


Funder China Development Bank (CDB)
Recipient Organization Banco de Desarrollo Económico y Social de Venezuela (BANDES)|China-Venezuela Joint Fund
Country Venezuela
Start Date Jan 01, 2010
End Date Jun 17, 2027
Duration 6,376 days
Number of Grantees 1
Roles Recipient
Data Source AidData Chinese Aid
Grant ID 37829
Grant Description

[China-Venezuela Joint Fund] China funds nine Socialist Agricultural Development Schemes The Venezuelan Government will promote nine socialist projects of agricultural development in the Guarico, Apure, Delta Amacuro, Barinas and Portuguesa regions, all aimed at strengthening agricultural plant and livestock production in the country.

Many, although not all, of these projects were financed by the Long Term Facility of the China-Venezuela Joint Fund (see Record ID#37804 and #37808).

The Río Tiznado Socialist Agrarian Development Project Phase II (see Record ID#91539) had a commitment date of 2008, which means it most likely was not funded by the Long Term Facility.

The Delta Amacuro Agriculture Development Project (see Record ID#91553) and the Santo Domingo Irrigation Project (see Record ID#91565) were most likely not funded by the Long Term Facility either, as both were committed before the fund was announced.

The total cost of all of the projects is USD 682 million, although no project amount could be found for Record ID#91538. All these projects were implemented by the Ministry of Popular Power for Agriculture and Lands.

Río Guárico Socialist Agriculture Project (#91524) Píritu Becerra Socialist Agriculture Project (#91536) Eje Biruaca-Achaguas Socialist Agriculture Project (#91538) Río Tiznado Socialist Agrarian Development Project Phase II (#91539) Delta Amacuro Agriculture Development Project (#91553) Santo Domingo Irrigation Project (#91565) Llano Alto Socialist Agroecological Development Project (#91569) Guanarito Agriculture Project (#91615) Alto Apure Socialist Axis Project (#91618)

📋 Staff Comments
  1. These projects were all announced in 'Ejecutivo impulsa 9 grandes proyectos de desarrollo agrario socialista con apoyo chino' together, despite not necessarily being funded from the same facility.
  2. This project is linked to project ID#58677, 37804, 37808, 91524,91536, 91538, 91539, 91553, 91565, 91569, 91615, and 91618.
📚 Sources & References
  • Venezuela: Agricultural schemes to receive Chinese boost
  • Ejecutivo impulsa 9 grandes proyectos de desarrollo agrario socialista con apoyo chino
  • Proyecto Agrario Socialista 'Río Tiznados' materializa la democracia participativa
  • Gaceta Oficial de la Republica Bolivariana de Venezuela
  • China-Venezuela Economic Relations: Hedging Venezuelan Bets with Chinese Characteristics
  • Programa de la Patria 2013-2019
  • Créditos Adicionales aprobados en 2011
  • How a Chinese venture in Venezuela made millions while locals grew hungry 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

Banco de Desarrollo Económico y Social de Venezuela (BANDES)|China-Venezuela Joint Fund

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