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China Development Bank provides USD 5 million to XCMG Brazil
| Funder | China Development Bank (CDB) |
|---|---|
| Recipient Organization | XCMG Brasil Industria Ltda (XCMG Brazil) |
| Country | Brazil |
| Start Date | Dec 01, 2017 |
| End Date | Jun 16, 2028 |
| Duration | 3,850 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 60910 |
Grant Description
China Development Bank provides USD 5 million to XCMG Brazil In December 2017, China Development Bank provided a USD 5 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 Brazil Central Bank lists the loan registration (ID TA805087) as complete. This is one of three CDB loans given to XCMG Brazil in 2017. The USD 20 million loan is captured in Record ID#60432 and the USD 13 million loan is captured in Record ID#60466.
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.
All Grantees
XCMG Brasil Industria Ltda (XCMG Brazil)
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