Government of China

Emergency Assistance Program in Supporting China’s Economic Recovery from COVID-19

Borrower (s)
Government of China
Industry
Other/Government finance
Area of finance
Development Bank Finance
Region
Asia Pacific
Countries
China

Deal Overview

The Loan is to support the Government’s priorities for economic recovery efforts in response to COVID-19. The intervention aims to: i) support restoration of production capacity in key sectors adversely affected by the pandemic; and ii) reinforce early economic recovery, including through further...

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The Loan is to support the Government’s priorities for economic recovery efforts in response to COVID-19. The intervention aims to: i) support restoration of production capacity in key sectors adversely affected by the pandemic; and ii) reinforce early economic recovery, including through further infrastructure development to continuously enhance economic growth and employment.

Based on the current stage of economic recovery in China, the Program will support China’s urgent need to restore production and create jobs. To reinforce the efforts and achievements made by the Government, it will also extend support to sustainable development of China’s economy over the long term. The loan proceeds will be utilized for projects in the sectors directly hit by the COVID-19 pandemic such as trade, logistics, agriculture, health, labor intensive infrastructure sectors, as well as innovative and high-tech infrastructure promoted by the Chinese Government to sustain recovery, and to support sustainable development.

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Deal Volume
$ 1.08bn
Sources

All Dealmakers

Tranches


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