Active Mixed AidData Chinese Aid

China Eximbank provides $250 million export credit to Eastern and Southern African Trade and Development Bank for on-lending purposes

$250M USD

Funder	Export-Import Bank of China (China Eximbank)
Recipient Organization	Eastern and Southern African Trade and Development Bank (TDB)
Country	Africa, regional
Start Date	Dec 01, 2017
End Date	Jul 08, 2032
Duration	5,333 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`59440`

Grant Description

China Eximbank provides $250 million export credit to Eastern and Southern African Trade and Development Bank for on-lending purposes In December 2017, China Eximbank signed a $250 million export credit agreement (ECA) with the Eastern and Southern African Trade and Development Bank (TDB), formerly known as the PTA Bank.

According to the 2018 newsletter published by TDB, the purpose of the ECA is 'to support TDB’s general corporate, trade finance and project and infrastructure business.' This loan has a five year maturity and it was disbursed in December 2017.

📋 Staff Comments

1. The membership of the TDB includes twenty-two member states, nineteen of which are COMESA members. The People's Republic of China was the first non-regional member state to join TDB in 2000. The African Development Bank (ADB) is a major institutional shareholder, alongside eleven other institutional investors, including the Arab Bank for Economic Development in Africa (BADEA) and OPEC Fund for International Development (OFID)

📚 Sources & References

TDB Annual Report 2017
TDB Newsletter vol. 2
ANNUAL REPORT AND FINANCIAL STATEMENTS 2019
Trade and Development Bank 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.

All Grantees

Eastern and Southern African Trade and Development Bank (TDB)

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