Active Development AidData Chinese Aid

Chinese Government provides RMB 50 million interest-free loan for small industrial projects and small-scale farms

¥50M RMB

Funder	China Ministry of Commerce
Recipient Organization	Government of Namibia
Country	Namibia
Start Date	Dec 18, 2005
End Date	Mar 31, 2030
Duration	8,869 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`19020`

Grant Description

Chinese Government provides RMB 50 million interest-free loan for small industrial projects and small-scale farms On December 18, 2005, the Chinese Government and the Government of Namibia signed an RMB 50 million (approximately N$44.9 million) interest-free loan agreement to support small industrial projects and small-scale farms in Namibia.

The agreement was signed by Namibia’s Finance Minister Saara Kuugongelwa-Amadhila and the Chinese Ambassador to Namibia Liang Yinzhu. It is unclear whether, when, and how the proceeds of the loan were used.

📋 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

China to construct Namibian military school in 2006
Govt Signs Multi-Million Chinese Loan
Notes following Briefing by Deputy Foreign Minister Aziz Pahad
ChinaLoansToAfrica©SAIS-CARI.csv, http://global.factiva.com/aa/?ref=BBCAP00020051223e1cn000p1&pp=1&fcpil=en&napc=S&sa_from=, http://global.factiva.com/aa/?ref=AFNWS00020061219e2cj000mx&pp=1&fcpil=en&napc=S&sa_from=
Notes following Briefing by Deputy Foreign Minister Aziz Pahad
Govt Signs Multi-Million Chinese Loan 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.

All Grantees

Government of Namibia

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