Chinese Government agreed to provide 120 million RMB interest free loan to Rwanda

📋 Staff Comments

We suspect that this is the result of an ETCA, but no information from official sources names it as such. 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

• China comes to Rwanda’s rescue as aid cuts begin to hurt economy
• Rwanda and China Sign three Agreements of Yuan 220 Million
• China
• Rwanda sign $35m loan agreement
• Rwanda: China
• Rwanda Sign U.S. $35 Million Loan Agreement
• Rwanda and China Sign three Agreements of Yuan 220 Million
• China
• Rwanda sign $35m loan agreement
• Rwanda and China Sign three Agreements of Yuan 220 Million, http://search.proquest.com.gate2.library.lse.ac.uk/docview/1314934068/13EA8AA5BF6108BFD16/1?accountid=9630 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.