Active Development AidData Chinese Aid

China Eximbank provides $55.3 million loan for Mpila Social Housing Project

$55.38M USD

Funder	Export-Import Bank of China (China Eximbank)
Recipient Organization	Government of Republic of Congo
Country	Congo
Start Date	Jan 01, 2013
End Date	Jul 10, 2032
Duration	7,130 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`73708`

Grant Description

China Eximbank provides $55.3 million loan for Mpila Social Housing Project In 2013, China Eximbank and the Government of the Republic of Congo signed a $55,375,960 loan agreement for the Mpila Social Housing Project.

📋 Loan / Grant Terms

💰 Loan Amountcarried a 13-year maturity

📅 Maturity13 years

Its (principal) amount outstanding was $32.310,970 as of December 31, 2019. The implementation status of this project is unknown.

The project involved the construction of housing units in the Mpila neighborhood within the capital city of Brazzaville.

📋 Staff Comments

The French project title is Logements sociaux de Mpila-Général.
The China Eximbank loan that supported this project is not included in the database of Chinese loan commitments that SAIS-CARI released in July 2020. Nor is it included in the Chinese Overseas Development Finance Dataset published by Boston University’s Global Development Policy Center in December 2020. However, it is recorded by the Republic of Congo’s Public Debt Agency (Caisse Congolaise d’Amortissement or CCA) and Délégation Générale des Grands Travaux (DGGT).
The loan commitment year is unknown, but after a munition’s explosion in the Mpila neighborhood within the capital city of Brazzaville on March 4, 2012, China Eximbank approved a series of loans for housing development projects in Mpila in 2013 and 2014. Therefore, AidData assumes for the time being that the loan commitment for this housing development project took place in 2013. This loan commitment should not be confused with the other China Eximbank loan commitments that supported housing development projects in Mpila (see Project ID#68909, ID#31029, and ID#69010).

📚 Sources & References

ETAT DES LIEUX DE LA DETTE PUBLIQUE EN REPUBLIQUE DU CONGO
EXIMBANK-CHINE
Current-Status-Opportunities-and-a-Way-Forward-for-Affordable-Housing
China's Overseas Development Finance
Initiative pour la Transparence dans les Industries Extractives 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.