China. Government through Ministry of Finance
| Date of agreement: | 30 Jan 2012 |
|---|---|
| Country: | China |
| Customer: | Government through Ministry of Finance |
| Amount in USD: | USD 50 million |
| Amount in EUR: | EUR 38.1 million |
| Maturity: | 15 years |
| NACE sector / loan type: | Loan programme |
Project
NIB’s fourth Rural Loan Programme totalling USD 50 million (EUR 38 million) has been provided for the financing of projects fulfilling NIB’s mandate within various sectors in rural areas.
Fulfilment of NIB's mandate
In connection with the prioritised investments in the modernisation and capacity increase within various sectors currently being undertaken by the Chinese authorities, several Nordic/Baltic companies, including SME’s, have been able to offer the technologies and equipment sought by the Chinese counterparties.
Sustainability summary
Each allocation under the loan programme will be reviewed for compliance with NIB’s environmental policy and guidelines and assessed on its own merits.