Active Development AidData Chinese Aid

China provides loan for Phase III and Phase IV of Cuban Hospital Project (Linked to Record ID#36184 and #36185)

Funder	China Development Bank (CDB)
Recipient Organization	Government of Cuba
Country	Cuba
Start Date	Jul 05, 2012
End Date	Jul 09, 2031
Duration	6,943 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`71017`

Grant Description

China provides loan for Phase III and Phase IV of Cuban Hospital Project On 5 July, 2012, during talks between Chinese President Hu Jintao and Cuba's Raúl Castro, a loan agreement was signed to finance improvements to health infrastructure in Cuba.

China Development Bank provided a loan for Phase III and Phase IV of the Cuban Hospital Project (or 国家开发银行古巴医院三、四期融资贷款项目).

📋 Loan / Grant Terms

💰 Loan Amountterms were not made public

Legal services for the agreement were provided by Zhonglun W&D Law Firm.

The loan was signed by the general director of the National Bank of Cuba, Juliana Maritza Martínez, and China Development Bank chief Chen Yuan after the meeting between the two leaders. Since 2005, China has provided USD $350 million for Cuban hospitals (see #36184 and #36185).

📋 Staff Comments

The assumption has been made that the loan signed on July 5, 2012, is the same as that which funded the Phase III and IV of the hospital project mentioned in '专业委员会.' The loan signed July 5 does not specify the hospital, but does note it is for health infrastructure.

📚 Sources & References

China writes a blank check to Cuba with “donations and interest-free loans”
Raul Castro secures cooperation commitments in China
Urgently In Need of a New Lifeline
Raúl Castro Visits China and Vietnam
Cuba y China firman importantes acuerdos económicos
专业委员会
Castro firma 8 acuerdos de cooperación con China
China
Cuba sign economic agreements during Raul Castro's visit to Beijing
Raul Castro se reune lideres chinos discutir eformas economicas
Presidente chino recibe a Raúl Castro
Presidente cubano Raúl Castro es recibido por homólogo chino
Hu Jintao Holds Talks with President of Cuba's Council of State and the Council of Ministers Raul Castro
Cuba y China consolidan la cooperación en múltiples sectores de interés común
Raúl Castro obtiene en China compromisos de cooperación financiera y agrícola
President Raul Castro Meets Chinese counterpart
Cuba's Raul Castro Secures Cooperation Commitments in China 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.