Over the past year, World Bank guarantees enabled China to obtain long-term (15-year) private financing at favorable terms for two public sector infrastructure projects, the Yangzhou and Zhejiang thermal power projects.The guarantee for the Yangzhou project marked the first use of a World Bank guarantee in China, while the guarantee for the Zhejiang project, in addition to enabling China to borrow long-term funds, presented an opportunity to improve...
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INFORMATION
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1995/04/01
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Fiche
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129677
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1
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1
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2018/08/30
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Disclosed
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Guarantees Improve Terms of China’s Private Borrowing : The Yangzhou and Zhejiang Thermal Power Projects
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access to foreign exchange
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