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Chinese Government provides RMB 30 million interest-free loan — via ETCA — for unspecified development projects
| Funder | China Ministry of Commerce |
|---|---|
| Recipient Organization | Government of Syria |
| Country | Syrian Arab Republic |
| Start Date | Jan 11, 2001 |
| End Date | Jul 08, 2028 |
| Duration | 10,040 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 40937 |
Grant Description
Chinese Government provides RMB 30 million interest-free loan — via ETCA — for unspecified development projects On January 11th, 2001, the Chinese Government and the Government of Syria signed an RMB 30 million interest-free loan agreement for unspecified development projects.
Staff Comments
It is very likely that this agreement was an Economic and Technical Cooperation Agreement (ETCA), so the project has been coded accordingly. 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
- .. ونائب الرئيس الصيني من دمشق إلى عمان
- Syria
- China sign agreements on technical cooperation
- Chinese loan. 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.
All Grantees
Government of Syria
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