Completed Mixed AidData Chinese Aid

China Eximbank provides $200 million buyer's credit for Modernization and Expansion of National Telecommunications Project (Linked to Record ID#54625)

$200M USD

Funder	Export-Import Bank of China (China Eximbank)
Recipient Organization	Government of Cuba
Country	Cuba
Start Date	Apr 13, 2001
End Date	Nov 27, 2032
Duration	11,551 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`54626`

Grant Description

China Eximbank provides $200 million buyer's credit for Modernization and Expansion of National Telecommunications Project On April 13, 2001, China Eximbank and the Government of Cuba signed a $200 million buyer's credit loan agreement to modernize and expand Cuba's telecommunications.

📋 Loan / Grant Terms

💰 Loan Amountare unknown

This loan was part of a larger $400 financial package captured in via Record ID#54625.

📋 Staff Comments

The Chinese project title is ”中国进出口银行关于巨龙集团电信项目买方信贷协议'.
This loan very likely supported Gran Caimán Teleco S.A. -- a joint venture between China Grand Dragon and el Grupo de la Electrónica de Cuba -- and its efforts to facilitate the digitization of telephony in Cuba. Gran Caimán Teleco S.A. was subsequently put in charge of ETECSA (Empresa de Telecomunicaciones de Cuba SA) and Radio Cuba.

📚 Sources & References

China's Emerging Role in Latin America: Evidence from Cuba
Venezuela, and the Caribbean
Cuba
China
Venezuela: New Developments
A Contemporary Cuba Reader: The Revolution Under Raúl Castro
Suscritos amplios convenios de colaboración entre Cuba y China
CUBA-CHINA: Cooperación y comercio en aumento
A vanza aceleradamente digitalización telefónica en el país
T elephone digitization progresses rapidly in the country
Big potential in mostly untapped Cuba telecom market
China
Cuba Sign Series of Cooperative Documents
TRADE: Cuba to Buy More than One Million TVs from China
China invades national telephony
China to lend Cuba $400m
Cuba and China: Governance and Industrial Collaboration
Sino-Cuban relations
Cuba and China: Lessons and Opportunities for the United States
Cuba
China
Venezuela: New Developments
Apuntes sobre las relaciones China-Cuba 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.