Active Development AidData Chinese Aid

Chinese Government provides RMB 20 million interest-free loan — through ETCA — for unspecified purposes in February 2011

¥20M RMB

Funder	China Ministry of Commerce
Recipient Organization	Government of Guinea
Country	Guinea
Start Date	Feb 14, 2011
End Date	Apr 02, 2031
Duration	7,352 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`13260`

Grant Description

Chinese Government provides RMB 20 million interest-free loan — through ETCA — for unspecified purposes in February 2011 On February 14, 2011 during his visit to Guinea, Chinese Foreign Minister Yang Jiechi signed an Economic and Technical Cooperation Agreement (ETCA) loaning RMB 20 million interest-free to the Government of Guinea for unspecified purposes.

It is unclear whether these funds were ever disbursed. At the same meeting, China also granted RMB 150 million to Guinea (ETCA #13254).

📋 Staff Comments

Since loan terms for the interest-free loan are unavailable, AidData has set maturity period to 20-years by default and grace period to 10-years by default per China's Foreign Assistance White Paper (http://www.cidca.gov.cn/2018-08/06/c_129925064_3.htm) which states that the maturity period of interest-free loans is 20-years, with a drawdown period of 5-years, grace period of 5-years, and repayment over 10-years. AidData treats the drawdown period as providing 5-years of additional grace.

📚 Sources & References

Programme summary of Guinea-Conakry RTG television 2030 gmt 4 Oct 11
China Foreign minister on three-day working visit to Guinea
几内亚总统和总理会见杨洁篪
Primature : Deux signatures qui renforcent l’axe de coopération entre la Chine et la Guinée, sous la Présidence du Premier Ministre
中国和几内亚两国政府签署合作协议, http://gov.17ok.com/news/1118/2011/0215/1945123.html
Visiting Chinese envoy pledges increased aid to Guinea 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.