Chinese Government provides $3 million interest-free loan — through ETCA — for unspecified purposes

📋 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.Account charge agreement can be accessed in its entirety via https://www.dropbox.com/s/4ltc43plbpdibad/Kaz%20Minerals%202016%20Account%20Charge%20Agreement.pdf?dl=0

📚 Sources & References

• China
• Mauritius sign about 9 million U.S. dollars economic cooperation accord, http://global.factiva.com/aa/?ref=XNEWS00020110108e718009yd&pp=1&fcpil=en&napc=S&sa_from=
• HUI LIANGYU
• Vice-Prime Minister of Republic of China
• Will Visit Mauritius from 7th to 9th January
• Kaz Minerals Sales Limited Account Charge
• Kazakhmys PLC
• PRC Agreements with Foreign Countries
• The News 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.