Active Development AidData Chinese Aid

China commits RMB 100 million interest-free loan for unspecified projects (linked to ID#30224)

$100M USD

Funder	China Ministry of Commerce
Recipient Organization	Government of Uganda
Country	Uganda
Start Date	Nov 16, 2011
End Date	Nov 07, 2029
Duration	6,566 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`30445`

Grant Description

China commits RMB 100 million interest-free loan for unspecified projects On November 16, 2011, the Chinese Government offered the Government of Uganda an interest-free loan wroth 100 million CNY to be used for projects that will be mutually agreed upon by both governments in the future.

The signing ceremony took place in the Ministry of Finance boardroom and was attended by the Secretary to the Treasury, Mr. Chris Kassami and his deputy, Mr. Keith Muhakanizi. The current status and the specific use(s) of the loan are unknown. Another agreement for a 100 million CNY grant was signed at the same time (ID #30224).

📋 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. 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

CHINESE GOVERNMENT OFFERS FINANCIAL ASSISTANCE WORTH RMB 200,000,000
Uganda's Aid Management Platform 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.