Completed Mixed AidData Chinese Aid

China Eximbank provides preferential buyer's credit to ship 1 million television sets to Cuba

Funder	Export-Import Bank of China (China Eximbank)
Recipient Organization	Government of Cuba
Country	Cuba
Start Date	Jan 01, 2004
End Date	Sep 25, 2028
Duration	9,034 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`54628`

Grant Description

China Eximbank provides preferential buyer's credit to ship 1 million television sets to Cuba In 2004, China Eximbank and the Government of Cuba signed a preferential buyer's credit (PBC) loan agreement for the New Televisions Project.

📋 Loan / Grant Terms

💰 Loan Amountcarried the following terms: 8 year maturity

📅 Maturity8 years

⏳ Grace Period2 years

💹 Interest Rate5.89%

The purpose of this project was to facilitate the acquisition of another one million Chinese televisions.

In 2001, Cuba previously obtained a $150 million loan via a buyer's credit agreement from China Eximbank for the acquisition of the first batch of one million Chinese televisions (#54627).

📋 Staff Comments

The Spanish project title is El Nuevo Proyecto de Televisores.
One source claims the agreement was signed on 10 June, 2005 (See: 6月10日，中国进出口银行梁骧行长助理与古巴国民银行行长伊尔玛女士签署了关于出口古巴100万台彩电的买方信贷协议。古巴驻华大使阿鲁菲、经济参赞伊莱安娜等出席了签字仪式).

📚 Sources & References

Cuba
China
Venezuela: New Developments
China y Cuba:medio siglo de relaciones de amistad y cooperación
TRADE: Cuba to Buy More than One Million TVs from China
China’s Foreign Aid and Investment Diplomacy
Volume III: Strategy Beyond Asia and Challenges to the United States and the International Order, 6月10日，中国进出口银行梁骧行长助理与古巴国民银行行长伊尔玛女士签署了关于出口古巴100万台彩电的买方信贷协议。古巴驻华大使阿鲁菲、经济参赞伊莱安娜等出席了签字仪式, 2004: Un año de constantes tensiones; Resumen económico anual
Buenas noticias para finalizar el año
Un paso superior en las relaciones con China
Beijing and Havana: Political Fraternity and Economic Patronage
Amistad y cooperación crean nuevas perspectivas
Cuba y China, excelentes relaciones 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.