Active Development AidData Chinese Aid

Chinese Government provides a RMB 30 million interest-free loan — via a March 2002 ETCA — for unspecified purposes

¥30M RMB

Funder	China Ministry of Commerce
Recipient Organization	Government of Tunisia
Country	Tunisia
Start Date	Mar 22, 2002
End Date	Aug 17, 2033
Duration	11,471 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`2476`

Grant Description

Chinese Government provides a RMB 30 million interest-free loan — via a March 2002 ETCA — for unspecified purposes On March 22, 2002, the Chinese Government and the Ministry of Finance of Tunisia signed an Economic and Technical Cooperation Agreement (ETCA), in which the Chinese Government committed an RMB 30 million interest-free loan to Tunisia for unspecified purposes.

Then, during Chinese President Jiang Zemin's state visit to Tunisia in April 2002, he and President of Tunisia Zine El Abidine Ben Ali signed an agreement about the provision of interest-free loans to Tunisia. Then, on April 13, 2004, the Tunisian Government passed Law nº 2004-32, confirming the agreement.

The Tunisian Government then ratified this ETCA on May 13, 2004 via Decree n° 2004-1067. Tunisia's Ministry of Foreign Affairs was responsible for the implementation of this decree.

📋 Staff Comments

This loan was not included in the database of Chinese loan commitments that SAIS-CARI published in July 2020.Based on its experience with ETCAs, AidData has coded Chinese Ministry of Commerce (MOFCOM) as Chinese government institution responsible for the interest-free loan in this ETCA. 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

Chinese
Tunisian Presidents Hold Talks in Tunis.
President Jiang Zemin Held Talks with Tunisian President
Liste des prets chinois octroyés à la Tunisie pour le financement des projets
Lois
Jiang Zemin Holds Talks with Tunisian President and Put forward Three Recommendations on Sino-Tunisian Relations
Re- FW- Lettre de demande de liste de prêts du gouvernement chinois depuis 2000.
Jort N° 031/2004 - Version Française
Jort N° 031/2004 - Version Arabe 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.