China Development Bank provides $1 billion loan in 2017 to shore up Pakistan’s foreign exchange reserves (Linked to Record ID#50486 and #54159)

📋 Staff Comments

1. In its 2016-2017 Yearbook, the Economic Affairs Division (EAD) of the Government of Pakistan identified total loan commitments from CDB as $1.7 billion. This aggregate figure refers to the $700 million CDB loan issued in 2016 (captured via Project ID#50483) and the $1 billion CDB loan issued in 2017 (captured via Project ID#54158).
2. Two other facility agreements were signed with Chinese banks in 2017 to help Pakistan with its balance of payments (as captured via Project ID #50486, #54159).
3. For loan and debt rescheduling records with variable interest rates, AidData calculates the all-in interest rate at T0 based on the reference rate (such as LIBOR or EURIBOR) on the loan start date, plus any known margin. Please see the methodology for additional details.

📚 Sources & References

• 2017-18 Pakistan Economic Survey
• Year Book 2016-2017
• MONTHLY DISBURSEMENT REPORT OF FOREIGN ECONOMIC ASSISTANCE FOR THE MONTH OF JUNE, 2016-17, 2018-2019 Pakistan Economic Survey: Statistical Supplement, 2019-2020 Pakistan Economic Survey
• Final PCP Year Book
• Final PCP Year Book
• Pakistan Development Update
• Statistical Supplement: Pakistan Economic Survey 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.