Bank of China provides $200 million of bonded debt for CAR Mining Project

$200M USD

Funder	Bank of China (BOC)
Recipient Organization	Central African Republic
Country	Central African Republic
Start Date	Jan 01, 2021
End Date	Oct 18, 2028
Duration	2,847 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`95676`

Grant Description

Bank of China provides $200 million of bonded debt for CAR Mining Project On June 22, 2020, Bank of China (Djibouti Branch) -- known in French as Banque De Chine Djibouti S.A. -- issued its first-ever bond.

According to the World Bank, $200 million from the bond issuance was disbursed in support of a Mining Project in the Central African Republic (CAR) in 2021.

📋 Staff Comments

The identity of the borrowing (recipient) institution is unknown. For the time being, AidData assumes that the borrower is a private sector institution. This issue warrants further investigation.

📚 Sources & References

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Djibouti: Navigating through the Pandemic and Regional Tensions 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.