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China Development Bank provides EUR 60 million credit facility to BOAD for on-lending activities
| Funder | China Development Bank (CDB) |
|---|---|
| Recipient Organization | West African Development Bank (WADB/BOAD) |
| Country | Africa, regional |
| Start Date | Aug 18, 2011 |
| End Date | Feb 07, 2027 |
| Duration | 5,652 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 72433 |
Grant Description
China Development Bank provides EUR 60 million credit facility to BOAD for on-lending activities On August 18, 2011, China Development Bank and Banque Ouest Africaine de Developement (BOAD, or the West African Development Bank) signed an EUR 60 million credit facility agreement.
The proceeds were to be used by the borrower for on-lending purposes and for projects in the commercially-operated public sector and the private sector.
Staff Comments
1. In the database of Chinese loan commitments that SAIS-CARI released in July 2020, it does not identify the borrowing terms of this loan. AidData records the borrowing terms (5% interest rate, 7-year maturity, and a 2-year grace period) that the borrower (BOAD) has publicly disclosed.
Sources & References
- RAPPORT ANNUEL 2011
- 中国国家开发银行向西非开发银行提供6000万欧元专项贷款
- Annual Report 2011
- ChinaLoansToAfrica©SAIS-CARI.csv
- BANQUE OUEST AFRICAINE DE DÉVELOPPEMENTNOTE D’INFORMATION - Juillet 2014
- EMISSION DE BONS PAR ADJUDICATIONMONTANT : 70 MILLIARDS FCFA
- EMPRUNT OBLIGATAIRE PAR APPEL PUBLIC A L’EPARGNE
- 驻多哥大使王作峰出席国家开发银行与西非开发银行合作协议签署仪式 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
West African Development Bank (WADB/BOAD)
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