Active Development AidData Chinese Aid

China Eximbank pledges RMB 200 million loan for construction of 725 housing units in Gaborone, Maun, Jwaneng, Lobatse, Palapye, and Francistown

¥200M RMB

Funder	Export-Import Bank of China (China Eximbank)
Recipient Organization	Government of Botswana
Country	Botswana
Start Date	Dec 06, 2004
End Date	Mar 13, 2030
Duration	9,228 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`21`

Grant Description

China Eximbank pledges RMB 200 million loan for construction of 725 housing units in Gaborone, Maun, Jwaneng, Lobatse, Palapye, and Francistown On December 6, 2004, China Eximbank and the Government of Botswana signed an RMB 200 million loan framework agreement.

Under the terms of the agreement, China Eximbank agreed to lend up to RMB 200 million to the Government of Botswana for the construction of 725 housing units in Gaborone, Maun, Jwaneng, Lobatse, Palapye and Francistown.

📋 Loan / Grant Terms

📅 Maturity15 years

⏳ Grace Period4 years

💹 Interest Rate3%

Construction on these units is expected to conclude at the end of 2007, with the first 425 having been completed by 2005. It is not known if any subsidiary loan agreements were approved through this framework agreement.

📋 Staff Comments

In the database of Chinese loan commitments that SAIS-CARI released in July 2020, it records this RMB 200 million framework agreement as having resulted in a $4 million concessional loan and a $24 million buyer’s credit. However, AidData has not identified any official sources that corroborate the existence of a $4 million subsidiary loan or a $24 million subsidiary buyer’s credit.

📚 Sources & References

http://www.mmegi.bw/index.php?sid=10&aid=357&dir=2012/March/Wednesday14, http://bw.mofcom.gov.cn/aarticle/jmxw/200408/20040800259996.html
Botswana Gets Loan from China, http://www.finance.gov.bw/templates/mfdp/file/File/DEBT%20PUBLISH.pdf
Botswana Development Assistance Management Information System
Cablegate: Botswana Houses Provided Through Chinese Loans
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中国向博茨瓦纳提供2亿元贷款签署框架协议 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 Botswana

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