Active Development AidData Chinese Aid

MOFCOM provides RMB 50 million interest-free loan — via ETCA — to Cameroon's Ministry of Water Resources and Energy (MINEE) for unspecified purposes (Linked to Record ID#339)

¥50M RMB

Funder	China Ministry of Commerce
Recipient Organization	Cameroon Ministry of Water Resources and Energy (MINEE)
Country	Cameroon
Start Date	Mar 24, 2010
End Date	Apr 26, 2033
Duration	8,434 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`35583`

Grant Description

MOFCOM provides RMB 50 million interest-free loan — via ETCA — to Cameroon's Ministry of Water Resources and Energy (MINEE) for unspecified purposes On March 24, 2010, China's Ministry of Commerce (MOFCOM) and Cameroon's Ministry of Water Resources and Energy (MINEE) signed an Economic and Technical Cooperation Agreement (ETCA), which committed an RMB 50 million loan for unspecified purposes.

📋 Loan / Grant Terms

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

📅 Maturity19 years

⏳ Grace Period10 years

💹 Interest Rate0%

As of December 31, 2020, the loan had achieved a 99.5% disbursement rate.

📋 Staff Comments

MOFCOM is the funder but the interest-free loan proceeds were to be disbursed through a CDB account established with a host country bank.
MOFCOM issued an RMB 50 million grant to the Government of Cameroon on March 24, 2010 (captured via Project ID#339).

📚 Sources & References

Cameroon- 2011
Mapping Chinese Development Assistance in Africa
PRC Agreements with Foreign Countries
Cameroon Receives 3.2 Billion FCFA interest-free loan from China
Annuaire Statistique du Cameroun 2011
Chapitre 31: Cooperation Internationale
Accord de coopération Economique et Techn. Ass. N°201001 et N°201003
Portefeuille de la dette publique du Cameron au 31 Decembre 2020 et Viabilite a l'horizon 2030
China Loans to Africa 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.