Active Development AidData Chinese Aid

MOFCOM provides RMB 20 million interest-free loan — via ETCA — for unspecified purposes (Linked to Record ID#58869)

¥20M RMB

Funder	China Ministry of Commerce
Recipient Organization	Government of Cameroon
Country	Cameroon
Start Date	Jan 31, 2007
End Date	Sep 29, 2028
Duration	7,912 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`309`

Grant Description

MOFCOM provides RMB 20 million interest-free loan — via ETCA — for unspecified purposes On January 31, 2007, China's Ministry of Commerce and the Government of the Republic of Cameroon signed an Economic and Technical Cooperation Agreement (ETCA), which committed an RMB 20 million (CFA 1,920,000,000) interest-free loan for unspecified purposes.

📋 Loan / Grant Terms

💰 Loan Amountcarried the following borrowing terms: a 0% interest rate

📅 Maturity20 years

⏳ Grace Period11 years

💹 Interest Rate0%

As of December 31, 2020, the loan had still not disbursed.

📋 Staff Comments

This line of credit project has been marked as umbrella to avoid double counting any linked or subsidiary projects.

📚 Sources & References

http://news.xinhuanet.com/world/2007-01/31/content_5680787.htm
Wikileaks: China's Growing Presence in Cameroon
Africa's resources draw China back Hu to visit 8 countries to complete trade and loan deals
State visit of the President of the Republic of Cameroon H. E. Paul BIYA to China
Communiqué conjoint de la République populaire de Chine et de la République du Cameroun
Le Cameroun et la Chine conviennent de renforcer leur coopération
Portefeuille de la dette publique du Cameron au 31 Decembre 2020 et Viabilite a l'horizon 2030 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.