Active Development AidData Chinese Aid

China signs an Economic and Technical Cooperation Agreement loaning 40 million RMB interest-free to Djibouti in February 2012 (Linked to Record ID#59271, #85281)

¥40M RMB

Funder	China Ministry of Commerce
Recipient Organization	Government of Djibouti
Country	Djibouti
Start Date	Feb 08, 2012
End Date	Jul 31, 2026
Duration	5,287 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`30165`

Grant Description

China signs an Economic and Technical Cooperation Agreement loaning 40 million RMB interest-free to Djibouti in February 2012 On 8 February 2012, Chinese Ambassador and the Djibouti Minister of Foreign Affairs signed an Economic and Technical Cooperation Agreement (ETCA) in which China loaned 40 million RMB interest-free to Djibouti.

The known sub-projects are as follows: (1) $1.4 million USD for the El Hadj Hassan Gouled Aptidon Stadium Rehabilitation Project (#59271) and (2) 66 million RMB (about $10.7 million USD) for the School of Excellence Project (#85281). Both of these projects have been completed. It is unknown if other projects were funded through this ETCA.

📋 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

中吉经济技术合作协议在吉签署 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 Djibouti

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