China Eximbank provides CFA 10 billion loan for Electricity Network Distribution Rehabilitation Project

📋 Staff Comments

1. The French project title is Réhabilitation du réseau électrique de Côte d'Ivoire.
2. The system identification number for this project in the Government of Côte d'Ivoire’s Aid Management Platform (AMP) is 11200713731. The AMP project code is 725970201.
3. This China Eximbank loan is not included in the database of Chinese loan commitments that SAIS-CARI released in July 2020. Nor is it included it in the China’s Overseas Development Finance Dataset that Boston University's Global Development Policy Center published in December 2020.
4. According to the World Bank's Debtor Reporting System (DRS), the weighted average grace period of all official sector lending from all Chinese creditors to government and government-guaranteed borrowing institutions in Côte d'Ivoire was 9.2114-years in 2014. AidData estimates the grace period of the Export-Import Bank of China loan that supported the Electricity Network Distribution Rehabilitation 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 5. According to the World Bank's Debtor Reporting System (DRS), the weighted average maturity of all official sector lending from all Chinese creditors to government and government-guaranteed borrowing institutions in Côte d'Ivoire was 19.895-years in 2014. AidData estimates the maturity of the Export-Import Bank of China loan that supported the Electricity Network Distribution Rehabilitation 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 interest rate of all official sector lending from all Chinese creditors to government and government-guaranteed borrowing institutions in Côte d'Ivoire was 1.8961% in 2014. AidData estimates the interest rate of the Export-Import Bank of China loan that supported the Electricity Network Distribution Rehabilitation 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

Rehabilitation of the electricity network of Côte d'Ivoire, _Réhabilitation du réseau électrique de Côte d'Ivoire French 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.