Bank of China and IDBI sign $1.2 billion facility

$1.2M USD

Funder	Bank of China (BOC)
Recipient Organization	Industrial Development Bank of India (now IDBI Bank Limited)
Country	India
Start Date	Dec 15, 2010
End Date	Dec 28, 2031
Duration	7,683 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`42738`

Grant Description

Bank of China and IDBI sign $1.2 billion facility On December 15, 2010, the Bank of China and the India-based IDBI Bank signed a $1.2 billion finance facility. The agreement was part of some 50 business deals sealed during Chinese Premier Wen Jiabao's visit to India. The form of this facility is unclear.

📚 Sources & References

Some 50 business pacts signed during Wen's visit, 50 trade pacts mark day one of Wen visit
India
China sign 49 MoUs to boost economic ties
Some 50 business pacts signed during Wen's visit
Deals worth $16 billion signed 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.