China Development Bank provides loan for acquisition of telecommunications equipment

Funder	China Development Bank (CDB)
Recipient Organization	Banco Nacional de Cuba
Country	Cuba
Start Date	Jul 22, 2014
End Date	Oct 22, 2026
Duration	4,475 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`54638`

Grant Description

China Development Bank provides loan for acquisition of telecommunications equipment In July 2014, China Development Bank and Banco Nacional de Cuba signed a loan agreement for the purchase of telecommunications equipment. The face value and terms of the loan are unknown.

📋 Staff Comments

This loan likely supported telecommunication infrastructure construction activities of Empresa de Telecomunicaciones de Cuba S.A. (ETECSA), a government-owned telecommunications service provider for the Republic of Cuba

📚 Sources & References

Lupicinio International Law Firm
中国国家开发银行代表团访问古巴
Cuba News: Vol. 22
No. 8
Intensifican cooperación Cuba y China 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.