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Active Development AidData Chinese Aid

China Development Bank pledges loan for development of roads, railways, mines, energy, oil, agriculture, and manufacturing


Funder China Development Bank (CDB)
Recipient Organization Government of Democratic Republic of Congo
Country Democratic Republic of the Congo
Start Date Mar 28, 2011
End Date Aug 24, 2028
Duration 6,359 days
Number of Grantees 1
Roles Recipient
Data Source AidData Chinese Aid
Grant ID 461
Grant Description

China Development Bank pledges loan for development of roads, railways, mines, energy, oil, agriculture, and manufacturing On March 28, 2011, the China Development Bank Chairman Chen Yuan and DRC Minister of Finance Augustin Matata Ponyo signed a cooperation framework agreement (Chinese name: 规划合作框架协议).

The CDB pledged to issue a loan to the DRC’s Ministry of Finance for development of roads, railways, mines, energy, oil, agriculture, and manufacturing. The current status of the project is unknown.

📚 Sources & References
  • http://cd.chineseembassy.org/chn/xwdt/t811087.htm
  • Congo inks growth funding deal with Chinese bank
  • République démocratique du Congo : Troisième revue de l'accord triennal au titre de la facilité élargie de crédit, examen des assurances de financement et demande de modification de critères de réalisation — Rapport des services du FMI, déclaration complémentaire des services du FMI et communiqué de presse sur les délibérations du Conseil d’administration
  • INVESTOR’S GUIDE TO THE DEMOCRATIC REPUBLIC OF CONGO
  • Old Debts and New Deals
  • 中刚联合规划工作情况报告 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 Democratic Republic of Congo

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