Active Development AidData Chinese Aid

Chinese Government provides an RMB 30 million interest-free loan for unspecified purposes

¥30M RMB

Funder	China Ministry of Commerce
Recipient Organization	Government of Mauritius
Country	Mauritius
Start Date	Dec 21, 2006
End Date	Jan 09, 2030
Duration	8,420 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`20273`

Grant Description

Chinese Government provides an RMB 30 million interest-free loan for unspecified purposes On November 10, 2006, the Government of Mauritius announced that it would soon accept a loan from the Chinese Government.

Then, on December 21, 2006, the Chinese Ambassador to Mauritius, Gao Yuchen, and the Minister of Finance and Economic Development of Mauritius, Rama Sithanen, signed an RMB 30 million interest-free loan agreement for unspecified purposes. AidData has not yet identified any discrete projects that were supported with the proceeds from this loan agreement.

📋 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

Cabinet Decisions taken on 10 November 2006
Table F1: Public Sector Debt, http://www.gov.mu/portal/site/MOFSite/menuitem.37d33af2d526d8f4e0aad110a7b521ca/?content_id=092494de88aaf010VgnVCM1000000a04a8c0RCRD, http://www.gov.mu/portal/site/Mainhomepage/menuitem.a42b24128104d9845dabddd154508a0c/?content_id=fb5394de88aaf010VgnVCM1000000a04a8c0RCRD 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 Mauritius

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