China Development Bank provides EUR 30 million credit facility to BDEAC for on-lending activities (Linked to Record ID#85735)

€30M EUR

Funder	China Development Bank (CDB)
Recipient Organization	Development Bank of Central African States (BDEAC)
Country	Africa, regional
Start Date	Oct 23, 2013
End Date	Sep 10, 2031
Duration	6,531 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`85213`

Grant Description

China Development Bank provides EUR 30 million credit facility to BDEAC for on-lending activities On October 23, 2013, China Development Bank and the Development Bank of Central African States (BDEAC) signed an EUR30 million credit facility agreement (captured in this project, ID#85213).

The proceeds were to be used by the borrower for on-lending to small- and medium-sized enterprises — working in fields of agriculture, energy, transportation, infrastructure and industry — in Central African Economic and Monetary Community (CEMAC) member countries, which include Cameroon, Chad, the Central African Republic, Equatorial Guinea, Gabon, and the Republic of Congo.

CDB disbursed 29.9 million euros through this credit facility agreement in 2013 (captured by Record ID#85735).

📚 Sources & References

RAPPORT ANNUEL BDEAC 2013
ChinaLoansToAfrica©SAIS-CARI.csv
BANQUE DE DEVELOPPEMENT DES ETATS DE L’AFRIQUE CENTRALE 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.