China Eximbank provides RMB 102.3 million to Industrial Development Commission of Zimbabwe (IDCZ)

¥102.32M RMB

Funder	Export-Import Bank of China (China Eximbank)
Recipient Organization	Industrial Development Corporation of Zimbabwe Ltd.
Country	Zimbabwe
Start Date	Jan 01, 2007
End Date	Apr 05, 2032
Duration	9,226 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`63465`

Grant Description

China Eximbank provides RMB 102.3 million to Industrial Development Commission of Zimbabwe (IDCZ) In 2007, China Eximbank provided an RMB 102,324,925 loan to the Industrial Development Commission of Zimbabwe (IDCZ) for an unspecified purpose.

📋 Loan / Grant Terms

💰 Loan Amountcarried the following terms: 2% interest rate

⏳ Grace Period5 years

💹 Interest Rate2%

The loan is repayable semi-annually from 21 March 2012 to 21 July 2017 in equal installments. The loan is guaranteed by the Government of Zimbabwe.

📋 Staff Comments

1. This loan is not included in the database of Chinese loan commitments that SAIS-CARI released in July 2020.

📚 Sources & References

Chinese Loans to Africa Database
IDCZ ANNUAL REPORT (31 DEC 2015)
IDCZ ANNUAL REPORT 31 DEC 2017
IDCZ ANNUAL REPORT 2017 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.