Completed Development AidData Chinese Aid

CDB provide $60 million loan for equipment to support national health units (Linked to Record ID#58827)

Funder	China Development Bank (CDB)
Recipient Organization	Government of Ecuador
Country	Ecuador
Start Date	Jan 01, 2015
End Date	Sep 19, 2033
Duration	6,836 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`59471`

Grant Description

CDB provide $60 million loan for equipment to support national health units In 2015, the Chinese government extended a credit line worth $60,350,575.04 for several Health Units in Ecuador.

This is part of a larger national program called the Physical Infrastructure Equipment Maintenance Studies and Health Inspection (Infraestructura Fisica Equipamiento Mantenimiento Estudios y Fiscalizacion en Salud).

The credit line is part of Tranche B of a December 2012 loan by China Development Bank to the Government of Ecuador (Record ID#58827).

📋 Loan / Grant Terms

💰 Loan Amountterms of Tranche B were applied to this project as well: 8 year maturity

📅 Maturity8 years

⏳ Grace Period2 years

💹 Interest Rate7.1917%

The purpose of this project is to build 96 health units of Second, Third, or Fourth level ranking and equip 310 additional care centers. Additionally, the project calls for the acquisition of 80 ambulances and 8 other vehicles by 2017.

Finally, it also includes plans to hire at least 35 professionals per year for the coordination and execution of the project through the year 2017.

📋 Staff Comments

1. This project is funded through Tranche B of the $2 billion CDB loan (Project ID#58827). To ensure we are not double-counting Chinese OF, the transaction amount field is left empty. The amount is captured in Project ID#58827.

📚 Sources & References

Dirección Nacional de Infraestructura Sanitaria
Equipamiento y Mantenimiento PROYECTO: K076 MSP - INFRAESTRUCTURA FISICA EQUIPAMIENTO MANTENIMIENTO ESTUDIOS Y FISCALIZACION EN SALUD
Boletín de Ejecución Presupuestaria Enero - Diciembre 2017
China's Financing in Latin America and the Carribean
Ficha Informativa de Proyecto 2016 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.