China loans 150 million RMB Interest Free for Economic Development to Benin

Funder	China (People's Republic of)
Recipient Organization	Benin
Country	Benin
Start Date	Nov 10, 2013
End Date	Dec 09, 2029
Duration	5,873 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`30849`

Grant Description

China loans 150 million RMB Interest Free for Economic Development to Benin On November 15, 2013, the Chinese government granted Benin financial assistance of 200 million RMB (over 16 billion XOF) to finance projects of existing cooperation between the two countries.

The financial assistance consists of an interest free loan of 150 million RMB (about 12.5 billion XOF) (ID# 30849) and a grant of 50 million RMB (4.16 billion XOF) (ID #30850). 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.