China extends repayment period of 50 million RMB interest-free loan for Bangladesh (Linked to Record ID#34024)

Funder	Unspecified Chinese Government Institution
Recipient Organization	Government of Bangladesh
Country	Bangladesh
Start Date	Jul 29, 2009
End Date	Jan 25, 2033
Duration	8,581 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`34159`

Grant Description

On April 24, 2006, the Chinese Government signed an exchange of letters providing an RMB 50 million interest-free loan to the Government of Bangladesh (as captured via Record ID#34024). There is no evidence that this loan was ever drawn down.

Then, between July 28, 2009 and July 29, 2009 during the 12th Joint Commission (JC) between Bangladesh and China in Beijing, the Chinese Government agreed to extend the term of the unutilized RMB 50 million RMB interest-free loan by five years. The loan's original maturity is unknown.

📋 Staff Comments

1. This debt rescheduling record is separate from Record ID#34163 which captures debt relief under an unspecified set of loan agreements.

📚 Sources & References

China to give $1b in project funds
Bangladesh
China joint economic commission meeting begins 28 Jul in Beijing
China's friendship with Bangladesh lent renewed endurance 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.