Bank of China (BOC) grants 270 million kwanzas to Angola for general use to improve the economy

$270M USD

Funder	Bank of China (BOC)
Recipient Organization	National Bank of Angola
Country	Angola
Start Date	Jan 01, 2020
End Date	Aug 19, 2028
Duration	3,153 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`88324`

Grant Description

On October 31st, 2020, the Bank of China (BOC) granted 270 million kwanzas to Angola for general use to improve the economy. No other information about the specific usage of the grant was provided.

As of November 12th, 170 million kwanzas within the grant have been disbursed, with another 100 million to be issued in 6 months. As of January 31, 2022, it appears the grant had been fully disbursed. The grant is one part of an overall credit line of 440 million kwanzas to Angola for the country's economy.

📚 Sources & References

Banco da China aprova AKz 440 milhões de crédito para economia
Announcement on Credit Grant in Specific Sector of the Real Economy (As of January 31, 2022) 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.