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[China-Venezuela Joint Fund] CDB provides loan for Guanarito Agriculture Project (Linked to Record ID#37829, 58677, 37804, 37808)
| Funder | China Development Bank (CDB) |
|---|---|
| Recipient Organization | Banco de Desarrollo Económico y Social de Venezuela (BANDES)|China-Venezuela Joint Fund |
| Country | Venezuela |
| Start Date | Jan 01, 2010 |
| End Date | Aug 23, 2026 |
| Duration | 6,078 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 91615 |
Grant Description
[China-Venezuela Joint Fund] CDB provides loan for Guanarito Agriculture Project In August 2010, nine socialist agriculture projects (see Record ID#37829) funded by the China-Venezuela Joint Fund (see Record ID#58677) Long Term Facility (see Record ID#37804, 37808).
One such project was the Guanarito Agriculture Project (Proyecto de Desarrollo Agrícola Integral Municipio Guanarito, Desarrollo Agrícola Integral del municipio Guanarito), which cost VEF 139068904.2 in 2011. The total project cost was equal to $32,379,255.93 in 2011 USD. The primary implementing agencies were INDER and the Ministry of People's Power for Land and Agriculture.
The goal of the project was to strengthen infrastructure for social services and agriculture. It is unclear when this project was started, or if it was ever completed.
Staff Comments
- The USD value of this project was calculated using the TUFF internal currency conversion calculator. Although the project was committed in 2010, the funding amount comes from a 2011 budget, so that year was used when calculating a USD value of 32,379,255.
- No transaction amount is included because it is captured by the China-Venezuela Joint Fund.
- Project implementation start and completion dates are unclear. This is coded as implementation stage because it is clear that funds were allocated for the project.
- This project is linked to project ID#37829, 58677, 37804, 37808.
Sources & References
- Proyectos del INDER
- Créditos Adicionales aprobados en 2011
- Gobierno Bolivariano anuncia nueve proyectos agrícolas financiados con crédito de China
- PROPUESTA PLAN GOBIERNO MUNICIPAL 2013-2017 PARA LA GESTION BOLIVARIANA SOCIALISTA
- Plan de Desarollo Para el Periodo 2014-2018
- Las ComPutadoras 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.
All Grantees
Banco de Desarrollo Económico y Social de Venezuela (BANDES)|China-Venezuela Joint Fund
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