Bank of China provides CFA 48.3 billion loan for Phase 2 of Video Surveillance Platform Project (Linked to Record ID#53273, ID#92205, and ID#92206)

📋 Staff Comments

1. This project is also known as Phase 2 of the Abidjan Safe City Project. The French project title is Extension du projet de mise en oeuvre de la plateforme unifiée et ouverte de la vidéo protection or Projet de vidéoprotection Phase II.
2. The AMP system identification number for the CFA 7,948,624,543.2 Bank of China loan is 11200716832415. The AMP system identification number for the CFA 48,316,189,461.09 Bank of China loan is 11200716832417.
3. This Bank of China loan is not included in the Chinese Loans to Africa (CLA) database that is managed by the Global Development Policy Center at Boston University and SAIS-CARI.
4. Bank of China also provided a loan for the project’s third phase (as captured via Project ID#92206). China Eximbank financed the project’s first phase (as captured via Project ID#53273).
5. According to the World Bank's Debtor Reporting System (DRS), the weighted average grace period of all ‘private’ sector lending from all Chinese creditors to government and government-guaranteed borrowing institutions in Côte d'Ivoire was 2.5-years in 2019. AidData estimates the grace period of the Bank of China loan that supported Phase 2 of the Video Surveillance Platform Project by using this figure. See https://www.dropbox.com/scl/fi/i7f56vi0ix8drznpbaczg/Weighted-average-borrowing-terms-from-Chinese-Lenders-to-Ivory-Coast-April-2024-IDS-Data-Extraction.xlsx?rlkey=0uj6y8don6vdg39v28f1y4nwz&dl=0 6. According to the World Bank's Debtor Reporting System (DRS), the weighted average maturity of all ‘private’ sector lending from all Chinese creditors to government and government-guaranteed borrowing institutions in Côte d'Ivoire was 14.9999-years in 2019. AidData estimates the maturity of the Bank of China loan that supported Phase 2 of the Video Surveillance Platform Project by using this figure. See https://www.dropbox.com/scl/fi/i7f56vi0ix8drznpbaczg/Weighted-average-borrowing-terms-from-Chinese-Lenders-to-Ivory-Coast-April-2024-IDS-Data-Extraction.xlsx?rlkey=0uj6y8don6vdg39v28f1y4nwz&dl=0 7. According to the World Bank's Debtor Reporting System (DRS), the weighted average interest rate of all ‘private’ sector lending from all Chinese creditors to government and government-guaranteed borrowing institutions in Côte d'Ivoire was 2.7% in 2019. AidData estimates the interest rate of the Bank of China loan that supported Phase 2 of the Video Surveillance Platform Project by using this figure. See https://www.dropbox.com/scl/fi/i7f56vi0ix8drznpbaczg/Weighted-average-borrowing-terms-from-Chinese-Lenders-to-Ivory-Coast-April-2024-IDS-Data-Extraction.xlsx?rlkey=0uj6y8don6vdg39v28f1y4nwz&dl=0

📚 Sources & References

• Extension of the project to implement the unified and open video protection platform _ V ideo protection project_Phase II _Commercial credit
• Extension du projet de mise en œuvre de la plateforme unifiée et ouverte de la vidéo protection _ Projet de vidéo protection_Phase II _Crédit commercial French
• Extension du projet de mise en œuvre de la plateforme unifiée et ouverte de la vidéo protection _ Projet de vidéo protection _ Phase II _ Crédit export French
• Extension of the project to implement the unified and open video protection platform_Video protection project_phase II_export credit 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.