China Development Bank provides $93 million loan to XCMG Brazil Investments

$93M USD

Funder	China Development Bank (CDB)
Recipient Organization	XCMG Brasil Investimentos Ltda
Country	Brazil
Start Date	Jun 01, 2013
End Date	Aug 11, 2027
Duration	5,184 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`60290`

Grant Description

China Development Bank provides $93 million loan to XCMG Brazil Investments In June 2013, China Development Bank issued a $93,000,000 loan to XCMG Brasil Investimentos Ltda, the Brazilian branch of the Chinese construction equipment supplying company XCMG Construction.

📋 Loan / Grant Terms

💰 Loan Amountterms are unknown

Brazil's Central Bank lists the loan registration (ID TA636346) as complete.

📋 Staff Comments

1. In June 2013, CDB provided a separate $40 million loan to XCMG Industries Ltda. (as captured via Project ID#60317).

📚 Sources & References

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.