Completed Development AidData Chinese Aid

CDB provides $30 million loan to Banco de Inversion y Comercio Exterior (BICE) for on-lending to small- and medium-sized enterprises (SMEs) and exporting firms in 2007 (Linked to Record ID#54559 and #54560)

$30M USD

Funder	China Development Bank (CDB)
Recipient Organization	Bancó de Inversión y Comercio Exterior (BICE) S. A.
Country	Argentina
Start Date	Dec 11, 2007
End Date	Sep 04, 2033
Duration	9,399 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`54558`

Grant Description

CDB provides $30 million loan to Banco de Inversion y Comercio Exterior (BICE) for on-lending to small- and medium-sized enterprises (SMEs) and exporting firms in 2007 In 2007, the China Development Bank issued a loan worth $30 million to Argentinian Bank BICE (Banco de Inversión y Comercio Exterior) for on-lending to small- and medium-sized enterprises (SMEs) and exporting firms.

These funds were part of an agreement between the CDB and Argentina to provide $140 million in three tranches. The loan has a 10-year maturity.

📋 Staff Comments

A Ministry of Commerce source in 2017 notes that between 2007 and 2015, China Development Bank provided 3 loans to BICE worth $140 million.
This project is linked to Project ID#54559 and Project ID#54560, which are parts of the larger $140 million agreement.

📚 Sources & References

MEMORIA CORRESPONDIENTE AL EJERCICIO SOCIAL
El Banco de Inversión y Comercio Exterior busca consolidar relación con China
BANCO DE INVERSION Y COMERCIO EXTERIOR SA
国开行与阿根廷投资外贸银行签署1.5亿美元融资协议 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.