Chinese Government reschedules loan with Antigua & Barbuda for the Multi-Purpose Cultural Centre at Perry Bay Project (Linked to Record ID#54915)

Funder	Unspecified Chinese Government Institution
Recipient Organization	Government of Antigua and Barbuda
Country	Antigua and Barbuda
Start Date	Jan 01, 2011
End Date	Sep 13, 2029
Duration	6,830 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`54708`

Grant Description

On July 18, 1991, the Chinese Government signed an agreement with Antigua & Barbuda to provide a $5.5 million USD loan for the Multi-Purpose Cultural Centre at Perry Bay Project (see Record ID#54915).

The loan was originally due July 31, 2011 (a maturity period of 20-years); however, the repayment date was rescheduled to July 31, 2026 (a maturity period of 35-years). The repayment period of the rescheduled loan commenced on August 1, 2016.

📚 Sources & References

Government Of Antigua And Barbuda Successfully Reschedules Debt Repayment With The People's Republic Of China, 2018 Antigua & Barbuda Recurrent and Development Estimates 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.