China Eximbank provides loan for mineral exploration in Venezuela (Linked to Umbrella Record ID#58475)

Funder	Export-Import Bank of China (China Eximbank)
Recipient Organization	Pétroleos de Venezuela S.A. (PDVSA)
Country	Venezuela
Start Date	Jul 21, 2014
End Date	Jul 10, 2027
Duration	4,737 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`58452`

Grant Description

China Eximbank provides loan for mineral exploration in Venezuela In July 2014, China Eximbank signed a loan agreement for mineral exploration in Venezuela.

📋 Loan / Grant Terms

💰 Loan Amountand its borrowing terms are unknown

All project implementation details are also unclear. This project was financed by a $1 billion USD credit line to PDVSA (see Umbrella Record ID#58475).

📚 Sources & References

UPDATE 1-China provides $4 billion to Venezuela in exchange for oil
Orinoco Magna Reserva Year 4
Number 11, december 2014
Los 16 acuerdos entre China y Venezuela
Venezuela y China firman 38 nuevos acuerdos de cooperación
Greening Development Finance in the Americas 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.