Active Development AidData Chinese Aid

China Ministry of Commerce (MOFCOM) provides RMB 20 million interest-free loan to Government of Bangladesh via July 2007 ETCA for the development of technical expertise among entrepreneurs (Linked to Record ID #110811)

¥20M RMB

Funder	China Ministry of Commerce
Recipient Organization	Government of Bangladesh
Country	Bangladesh
Start Date	Jul 22, 2007
End Date	May 14, 2028
Duration	7,602 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`34073`

Grant Description

China Ministry of Commerce (MOFCOM) provides RMB 20 million interest-free loan to Government of Bangladesh via ETCA for the development of technical expertise among entrepreneurs in July 2007 On July 22, 2007, Chinese Vice Minister of Commerce Wang Chao and Secretary of the Economic Relations Division of Bangladesh’s Ministry of Commerce Aminul Bhuiyan signed an ETCA agreement valued at RMB 100 million on behalf of their respective governments.

The agreement consisted of two financial arrangements: an RMB 20 million interest-free loan earmarked for the development of entrepreneurial technical expertise in Bangladesh (captured in this record) and an RMB 80 million grant, which is captured in Record ID #110811.

📋 Staff Comments

1. As 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

Bangladesh efforts to raise exports to China
China
Bangladesh to improve bilateral economic relations
China to give $9m to build exhibition centre Unb
Dhaka
Bangladesh and China trade may reach $5 billion 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.