ICBC provides a grant for the construction of a new school building for Huaxieng village primary school

Funder	Industrial and Commercial Bank of China (ICBC)
Recipient Organization	Government of Laos
Country	Lao People's Democratic Republic
Start Date	Jan 01, 2018
End Date	Nov 08, 2029
Duration	4,329 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`89208`

Grant Description

In 2018, the Vientiane Branch of the Industrial and Commercial Bank of China (ICBC) provided grant funding for the construction of new building for Huaxieng village primary school in Vientiane Province. The handover ceremony for the new school building was held on January 5, 2019. The monetary value of this donation is unknown.

📋 Staff Comments

While 'Chinese bank-funded school building handed over to local Lao community' is not explicit that the financing of this project took the form of a grant, the fact that ICBC's staff donated materials to the school and a loan would be highly unusual for this type of project, AidData has assumed this financing was a grant and coded accordingly.

📚 Sources & References

Chinese bank-funded school building handed over to local Lao community
ICBC 2018 Corporate Social Responsibility Report 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.