China Exim Bank loans $135,000,000 to Amaggi Brazil

$135M USD

Funder	Export-Import Bank of China (China Eximbank)
Recipient Organization	Amaggi Exportacao e Importacao Ltda. (Amaggi)
Country	Brazil
Start Date	Mar 01, 2012
End Date	Jan 16, 2033
Duration	7,626 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`60248`

Grant Description

China Exim Bank loans $135,000,000 to Amaggi Brazil In March 2012, China Exim Bank loaned 135 million USD to the Amaggi Exportação e Importação Ltda, an agricultural production and distribution company.

📋 Loan / Grant Terms

💰 Loan Amountterms are unclear

According to the Wall Street Journal, this transaction indicated an interest in expansion from the South American resources sector by China.

According to the Brazil Central Bank, the registration of the loan in the form of advance receipt exports ("recebimiento antecipado de exportacao") is cancelled.

📋 Staff Comments

According to the company type and wording of the Brazil Central Bank source, coded as export credits.

📚 Sources & References

Rich pickings in Brazil
China Eximbank in Talks to Fund Brazil's Amaggi
China negocia US$ 200 milhões com grupo Amaggi
BrazilCentralBank_September102018 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.