Active Development AidData Chinese Aid

Chinese Government provides RMB 30 million interest-free loan via ETCA for unspecified projects

¥30M RMB

Funder	China Ministry of Commerce
Recipient Organization	Government of Ethiopia
Country	Ethiopia
Start Date	Apr 18, 2011
End Date	Jul 13, 2028
Duration	6,296 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`1451`

Grant Description

Chinese Government provides RMB 30 million interest-free loan via ETCA for unspecified projects On April 18, 2011, the China Ministry of Commerce and the Ethiopia Ministry of Finance signed two economic and technical cooperation agreements (ETCA).

One provided an RMB 50 million grant for unspecified development projects (captured in Record ID#30552) and the second provided an RMB 30 million interest-free loan (captured in Record ID#1451).

The two sides also signed five different Letters of Exchange allocating the financing of the following projects: a feasibility study for hydroelectric dams (see Record ID#91696), a potable water project, a bio-gas energy project, a solar energy project, and a malaria prevention program. It is unclear whether any of these sub-projects were funded by the RMB 50 million ETCA and if so, which ones.

📋 Staff Comments

According to a Ethiopian Ministry of Finance source however, the agreement was signed on Dec 5, 2011.

📚 Sources & References

China gives Ethiopia $12.1 mln in grants, loans
Meles holds talks with Chinese vice Minister of Commerce
Public Sector Debt Statistical Bulletin: Bulletin No. 7 (2006/07-2010/11)
Vice Minister of Commerce from China Fu Ziying Visits Ethiopia
商务部：我国政府经贸代表团访问埃塞俄比亚
Public Sector Debt Statistical Bulletin - No.7
Chinese Government Trade and Economic Delegation Visit to Ethiopia
Public Sector Debt 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.