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Chinese Government provides RMB 50 million interest-free loan — via ETCA — for unspecified purposes (Linked to Record ID#32066, #32079)
| Funder | China Ministry of Commerce |
|---|---|
| Recipient Organization | Government of Cambodia |
| Country | Cambodia |
| Start Date | Nov 04, 2002 |
| End Date | Jan 18, 2031 |
| Duration | 10,302 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 33399 |
Grant Description
Chinese Government provides RMB 50 million interest-free loan — via ETCA — for unspecified purposes On November 4, 2002, China signed an agreement to provide 50 million CNY in interest-free loans to Cambodia.
Initially, China pledged to provide interest-free loans worth 103 million CNY, but instead offered 50 million CNY in interest-free loans as well as 50 million CNY in grant aid (Record ID#32079).
The agreements came part of the Agreement on Economic and Technical Cooperation between the Government of the People's Republic of China and the Royal Government of Cambodia.
The agreement was signed by Chinese Premier Zhu Rongji and by Cambodian Prime Minister Hun Sen on 4 November 2002, along with other agreements (See Record ID#32066)
Staff Comments
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
- China to give more aid to Cambodia during premier's visit
- Official Visit by Chinese Prime Minister
- Prime Minister of the People's Republic of China pays an Official Visit to the Kingdom of Cambodia
- 台灣的選擇: 亞太秩序與兩岸政經的新平衡 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.
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Government of Cambodia
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