Active Development AidData Chinese Aid

China signs Economic and Technical Cooperation Agreement loaning 26 billion TZS interest-free to Tanzania

$10.4M USD

Funder	China Ministry of Commerce
Recipient Organization	Tanzania Ministry of Finance and Planning
Country	Tanzania
Start Date	Dec 31, 2013
End Date	Apr 15, 2029
Duration	5,584 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`36071`

Grant Description

China signs Economic and Technical Cooperation Agreement loaning 26 billion TZS interest-free to Tanzania On 31 December 2013, the Chinese Ambassador to Tanzania, Dr.

Lu Youqing, signed an economic and technical cooperation agreement (ETCA) loaning 26 billion TZS interest-free to the Tanzania Ministry of Finance and Planning. The sub-projects are unknown. At the same ceremony, officials signed three other agreements.

One was for 400 million TZS to the Prevention and Combating of Corruption Bureau (Record ID#36073), another was a 52 billion TZS grant (ETCA #36070), and the third was 1.3 Billion TZS for the Julius Nyerere International Convention Center (Record ID#36072).

📋 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
Tanzania Signed Economic Cooperation Agreements
Tanzania,China sign two key deals worth sh89bn
China Gives Sh89 Billion Project Support
坦桑尼亚：中国提供大笔资金援助，在农工矿等方面全面合作
中坦签署经济技术合作协定
驻坦桑尼亚使馆吕友清大使就中坦经贸合作关系发表演讲 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.