Chinese Government pledges $51 million loan to Zimbabwe’s Grain Marketing Board (GMB) for logistics fleet and ICT infrastructure

$51M USD

Funder	Unspecified Chinese Government Institution
Recipient Organization	Zimbabwe Grain Marketing Board (GMB)
Country	Zimbabwe
Start Date	Dec 01, 2012
End Date	Oct 15, 2028
Duration	5,797 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`30305`

Grant Description

Chinese Government pledges $51 million loan to Zimbabwe’s Grain Marketing Board (GMB) for logistics fleet and ICT infrastructure In December 2012, the Zimbabwean Grain Marketing Board (GMB) expected a $51 million USD loan facility from the Chinese government. The GMB had requested the loan in February 2012.

The funding is targeted at silo rehabilitation which will cost $31 million USD; $13 million USD will be channeled towards establishing a logistics fleet; and $7 million USD will go towards development of ICT infrastructure. This loan facility does not appear to have ever materialized.

📚 Sources & References

US$51 Million Needed For Recapitalisation Of Zimbabwe's Strategic Grain Reserve
Zimbabwe Needs $51 Million For Strategic Grain Reserve Revival
China,South Africa,Zimbabwe : GRAIN MARKETING BOARD expects $51 million loan facility from government 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.