China EXIM Bank pledge's $500 million in export buyer's credit for trade and economic cooperation to Pakistan

$500K USD

Funder	Export-Import Bank of China (China Eximbank)
Recipient Organization	Government of Pakistan
Country	Pakistan
Start Date	Nov 03, 2003
End Date	Jan 18, 2031
Duration	9,938 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`35288`

Grant Description

China EXIM Bank pledge's $500 million in export buyer's credit for trade and economic cooperation to Pakistan On November 3, 2003, China pledged a preferential export buyer's credit of 500 million USD to Pakistan for bilateral trade and economic cooperation, according to An Min, Chinese vice-minister of commerce, announcing a deal offered by Chinese President Hu Jintao during his talks with visiting Pakistani President Pervez Musharraf.

The loan appears to have eventually been provided by China EXIM bank.

📚 Sources & References

China offers 500m US dollar loan to Pakistan
China
Pakistan concludes talks for $500 million credit
中国向巴基斯坦提供5亿美元优惠出口买方信贷 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.