China’s SAFE provides $500 million deposit loan to shore up Pakistan’s foreign exchange reserves in FY 2017-2018 (Linked to Record ID#73341)

📋 Staff Comments

1. For loan and debt rescheduling records with variable interest rates, AidData calculates the all-in interest rate at T0 based on the reference rate (such as LIBOR or EURIBOR) on the loan start date, plus any known margin. Please see the methodology for additional details.
2. The precise loan commitment date is unknown. This issue requires further investigation. For the time being, AidData assumed that the loan contracted in Fiscal Year 2017-2018 was contracted in calendar year 2017, and the commitment date is coded as July 1, 2017.
3. In January 2009, SAFE issued a $500 million deposit loan to SBP (as captured via Project ID#73341). The loan was annually 'rolled over' until its final maturity (repayment) date of January 23, 2017.

📚 Sources & References

• China to roll over $500m loan to shore up Pakistan's reserves
• Another $1 billion loan makes its way from China, 2018-2019 Pakistan Economic Survey: Statistical Supplement
• Statistical Supplement to the Pakistan Economic Survey 2019-2020
• Satistical Supplement Pakistan Economic Survey 2019-2020
• Statistical Supplement: Pakistan Economic Survey, (295th Session) SENATE SECRETARIAT 'QUESTIONS FOR ORAL ANSWERS AND THEIR REPLIES' to be asked at a sitting of the Senate to be held on Friday, the 17th January, 2020 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.