China Development Bank loans USD 13 million to XCMG Brazil

$13M USD

Funder	China Development Bank (CDB)
Recipient Organization	XCMG Brasil Industria Ltda (XCMG Brazil)
Country	Brazil
Start Date	Dec 01, 2017
End Date	May 30, 2027
Duration	3,467 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`60466`

Grant Description

China Development Bank loans USD 13 million to XCMG Brazil In December 2017, the China Development Bank provided a USD 13 million loan to XCMG Brasil Industria Ltda ("XCMG BRASIL IND.LTDA."), The Brazilian branch of the Chinese construction equipment supplying company XCMG Construction. The loan status, terms, and purpose are unclear.

The Brazilian Central Bank lists the loan registration (ID TA815315) as complete. This is one of three CDB loans given to XCMG Brazil in 2017. The USD 5 million loan is captured in Record ID#60910, and the USD 20 million loan is captured in Record ID#60432.

📋 Staff Comments

1. Loan terms are not publicly disclosed in the Central Bank dataset. No corroborating sources found to determine interest rate, maturity, or grace period.

📚 Sources & References

BrazilCentralBank_September102018
FINANCIAL STATEMENTS OF TELEMAR NORTE LESTE S.A. 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.