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Chinese Government provides a RMB 80 million interest-free loan - via a November 2009 ETCA - for unspecified projects (Linked to Record ID#57561)
| Funder | China Ministry of Commerce |
|---|---|
| Recipient Organization | Government of Sudan |
| Country | Sudan |
| Start Date | Nov 17, 2009 |
| End Date | Sep 26, 2026 |
| Duration | 6,157 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 2449 |
Grant Description
Chinese Government provides a RMB 80 million interest-free loan - via a November 2009 ETCA - for unspecified projects On November 17, 2009, the Chinese Government and the Government of Sudan signed two Economic and Technical Cooperation Agreements (ETCAs) in which the Chinese Government committed RMB 80 million in grant funding (see linked Record ID#57561) and a RMB 80 million interest-free loan (as captured by this project) to Sudan for unspecified purposes.
On January 21, 2010, the Chinese Government and the Sudanese Government signed the bank account processing rules for the funds committed in these ETCAs.
Staff Comments
As this is an ETCA, which is a financing mechanism specific to China's Ministry of Commerce (MOFCOM), AidData has coded MOFCOM as the specific Chinese Government institution responsible for providing this grant. 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
- 中苏签订经济技术合作协定
- Sudan
- China sign new oil, gas cooperation deal
- Sudan
- China sign new oil, gas cooperation deal 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 Sudan
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