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MOFCOM provides RMB 70 million interest-free loan — via ETCA — for unspecified purposes (Linked to Record ID#30885)
| Funder | China Ministry of Commerce |
|---|---|
| Recipient Organization | Government of Cameroon |
| Country | Cameroon |
| Start Date | Jun 11, 2013 |
| End Date | Jun 20, 2026 |
| Duration | 4,757 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 30248 |
Grant Description
MOFCOM provides RMB 70 million interest-free loan — via ETCA — for unspecified purposes On June 11, 2013, China's Ministry of Commerce (MOFCOM) and the Government of Cameroon signed an Economic and Technical Cooperation Agreement (ETCA).
Under the terms of the agreement, the Chinese Government agreed to provide the Government of Cameroon an interest-free loan worth RMB 70 million for unspecified activities. The current status of this project is unknown. Other agreements signed on June 11, 2013 are captured via Umbrella Record ID#30885.
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
- Sino-Cameroon Relations
- Over FCFA 22 Billion For Dev't Projects
- Sino-Cameroon Relations: Six new cooperation agreements signed
- Cameroon: Sino-Cameroon Relations
- Over FCFA 22 Billion For Dev't Projects
- China Loans to Africa 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 Cameroon
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