China provides 26 billion UGX interest free loan to Uganda

$7.03M USD

Funder	China Ministry of Commerce
Recipient Organization	Uganda Ministry of Finance
Country	Uganda
Start Date	Jan 01, 2012
End Date	Jul 28, 2026
Duration	5,322 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`30257`

Grant Description

China provides 26 billion UGX interest free loan to Uganda In 2012, the Chinese government signed an agreement with Uganda for a 26 billion UGX interest-free loan for implementing unidentified development programs. The loan has a maturity period of 10-years.

The loan agreement was signed by the Chinese ambassador to Uganda, Zhao Yali, and the Ugandan Minister of Finance, Planning, and Economic Development, Fred Jachan Omach. A 20 billion UGX grant was signed at the same time (ID#30256). The current status and the specific use(s) of the loan are unknown.

📋 Staff Comments

This interest free loan commitment was almost certainly made through an Economic and Technical Cooperation Agreement (ETCA) so we have identified it as an 'umbrella' project.

📚 Sources & References

China Gives the Country Sh46 Billion
China gives Uganda sh46b, http://global.factiva.com/aa/?ref=AFNWS00020121020e8ak000dy&pp=1&fcpil=en&napc=S&sa_from= 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.