CDB loans $30 million line of credit to the East African Development Bank for on-lending purposes

$30M USD

Funder	China Development Bank (CDB)
Recipient Organization	East African Development Bank (EADB)
Country	Africa, regional
Start Date	Sep 26, 2006
End Date	Sep 18, 2031
Duration	9,123 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`60346`

Grant Description

CDB loans $30 million line of credit to the East African Development Bank for on-lending purposes On Tuesday 26th September 2006 the East African Development Bank (EADB) and China Development Bank (CDB) signed an indicative term sheet for a USD 30 million line of credit.

Loans under this term sheet will be utilized to fund commercially viable projects operating in all developmental sectors as agreed between CDB and EADB to be vital to the East African economies. Another source reported that the line of credit will be used for on-lending purposes. The East African Development Bank is a multinational organization that is based in Uganda.

📚 Sources & References

Sim K. Katende
EADB and China Development Bank Agree 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.