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China Development Bank provides EUR 40 million credit facility to BDEAC for on-lending activities
| Funder | China Development Bank (CDB) |
|---|---|
| Recipient Organization | Development Bank of Central African States (BDEAC) |
| Country | Africa, regional |
| Start Date | Dec 12, 2016 |
| End Date | Jan 03, 2028 |
| Duration | 4,039 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 59462 |
Grant Description
China Development Bank provides EUR 40 million credit facility to BDEAC for on-lending activities On December 12, 2016, China Development Bank and the Development Bank of Central African States (BDEAC) signed an EUR 40 million credit facility agreement.
The proceeds were to be used by the borrower for on-lending to small- and medium-sized enterprises in Central African Economic and Monetary Community (CEMAC) member countries, which include Cameroon, Chad, the Central African Republic, Equatorial Guinea, Gabon, and the Republic of Congo. The first disbursements were made in the first half of 2017.
Sources & References
- Afrique centrale: la Banque de développement de Chine fait un prêt de 26 milliards FCFA à la BDEAC
- Meeting between the BDEAC president and the Commissioner for Cooperation with the Chinese Development Bank
- Assemblée générale ordinaire de la BDEAC - Les participants adoptent le Plan stratégique 2017-2022 pour appuyer la diversification économique des Etats
- BANQUE DE DEVELOPPEMENT DES ETATS DE L’AFRIQUE CENTRALE
- 中部非洲国家开发银行举行年度首次董事会议
- ChinaLoansToAfrica©SAIS-CARI.csv 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
Development Bank of Central African States (BDEAC)
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