Active Mixed AidData Chinese Aid

China Eximbank provides EUR 70 million credit facility to BOAD for on-lending activities

€70M EUR

Funder	Export-Import Bank of China (China Eximbank)
Recipient Organization	West African Development Bank (WADB/BOAD)
Country	Africa, regional
Start Date	Nov 23, 2006
End Date	Sep 20, 2032
Duration	9,433 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`72434`

Grant Description

China Eximbank provides EUR 70 million credit facility to BOAD for on-lending activities On November 23, 2006, China Eximbank and Banque Ouest Africaine de Developpement (BOAD, or the West African Development Bank) signed an EUR 70 million credit facility agreement.

📋 Loan / Grant Terms

💰 Loan Amountfacility carries the following terms: 2

📅 Maturity20 years

⏳ Grace Period10 years

💹 Interest Rate2.58%

The proceeds were to be used by the borrower for on-lending purposes and to help West African Economic and Monetary Union (UEMOA) member countries acquire mechanical, electronic, and high-tech goods and services from Chinese suppliers.

📋 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 (2.58% interest rate, 20-year maturity, and a 10-year grace period) that the borrower (BOAD) has publicly disclosed.

📚 Sources & References

中国进出口银行与西非开发银行开展信贷合作，加大支持非洲发展力度, 【来源：国际商报】
西非经济货币联盟
Fin des Journées économiques de la Chine au Togo
Journées économiques de la Chine: Signature de deux conventions de financements
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
PROJET D’ALLOCUTION DU PRESIDENT DE LA BOAD A LA CEREMONIE DE SIGNATURE DE L’ACCORD DU FONDS DE COOPERATION TECHNIQUE ET DE LA CONVENTION DE LIGNE DE CREDIT EXIMBANK
Notes following Briefing by Deputy Minister Aziz Pahad
Media Centre Amphitheatre
Union Buildings
Pretoria
Wednesday, 24 January 2007 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.