China signs Economic and Technical Cooperation Agreement loaning 30 million RMB interest-free to Benin in December 2006

📋 Staff Comments

1. 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.
2. This record has been marked as having evidence of financial distress because it was part of the debt restructuring agreement captured in record #108739.

📚 Sources & References

• http://www.channelnewsasia.com/stories/afp_world_business/view/250195/1/.html, http://news.sohu.com/20070104/n247415718.shtml
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