Active Development AidData Chinese Aid

MOFCOM provides RMB 100 million interest-free loan — via ETCA — for unspecified purposes

¥100M RMB

Funder	China Ministry of Commerce
Recipient Organization	Government of Cameroon
Country	Cameroon
Start Date	Jul 20, 2011
End Date	Jul 28, 2033
Duration	8,044 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`31246`

Grant Description

MOFCOM provides RMB 100 million interest-free loan — via ETCA — for unspecified purposes On July 20, 2011, China's Ministry of Commerce (MOFCOM) and the Government of Cameroon signed an Economic and Technical Cooperation Agreement (ETCA), which committed an RMB 100 million interest-free loan for unspecified purposes.

📋 Loan / Grant Terms

💰 Loan Amountwere as follows: a 20 year maturity

📅 Maturity20 years

⏳ Grace Period11 years

💹 Interest Rate0%

As of December 31, 2020, the loan had achieved a 37.2% disbursement rate (with an undisbursed balance of CFA 5.2 billion). The loan’s outstanding amount was equivalent to CFA 3.5 billion as of December 31, 2020.

📋 Staff Comments

The ETCA can be accessed in its entirety via Source ID#104968 and https://www.documentcloud.org/documents/20485643-cmr_2011_518.
MOFCOM is the funder but the interest-free proceeds were to be disbursed through a CDB account established with a host country bank.

📚 Sources & References

ACCORD DE COOPERATION ECONOMIQUE ET TECHNIQUE ENTRE LE GOUVERNEMENT DE LA REPUBLIQUE DU CAMEROUN ET LE GOUVERNEMENT DE LA REPUBLIQUE POPULAIRE DE CHINE
ACCORD DE COOPERATION ECONOMIQUE ET TECHNIQUE ENTRE LE GOUVERNEMENT DE LA REPUBLIQUE DU CAMEROUN ET LE GOUVERNEMENT DE LA REPUBLIQUE POPULAIRE DE CHINE
Cameroon's Development Assistance Database
China Loans to Africa
China's Distinctive Engagement in Global Health
Portefeuille de la dette publique du Cameron au 31 Decembre 2020 et Viabilite a l'horizon 2030
中国与喀麦隆签署重要合作协议 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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