Chinese Government commits RMB 150 million interest-free loan -- through ETCA -- for unspecified activities (Linked to Record ID#57205)

📋 Staff Comments

An RMB 50 million grant was also committed at the same signing ceremony (see Project ID #57205). 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

• Burundi: Burundi
• China sign socioeconomic development pact of US$31,6 million
• Le financement total est de plus de 30 millions de dollars américains
• Burundi-Chine : Signature de deux accords de coopération pour 31,69 millions USD
• China makes new aid pledges
• 中布两国政府新签署两项经济技术合作协定
• 中国与布隆迪两国政府签署两项经济技术合作协定 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.