Active Development AidData Chinese Aid

Chinese Government provides RMB 30 million interest-free loan — via ETCA — for unspecified purposes

¥30M RMB

Funder	China Ministry of Commerce
Recipient Organization	Government of Jordan
Country	Jordan
Start Date	Dec 15, 2003
End Date	Mar 22, 2028
Duration	8,864 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`41021`

Grant Description

Chinese Government provides RMB 30 million interest-free loan — via ETCA — for unspecified purposes On December 15, 2003, Jordanian Planning Minister Bassem Awadallah and Chinese Ambassador Chen Yong Long signed an Economic and Technical Cooperation Agreement (ETCA), which committed an RMB 30 million interest-free loan for unspecified development projects.

According to April 2018 correspondence between AidData’s Executive Director and the Public Debt Department of Jordan’s Ministry of Finance, no disbursements had taken place through this loan as of March 31, 2018.

📋 Staff Comments

Several other agreements signed on the same date are captured via Project ID#41522, #40987 and #64794. 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
Jordan sign economic cooperation protocols
China
Jordan sign economic cooperation protocols.
合作简介（2004年4月新版
EXTERNAL GOVERNMENT DEBT FOR CHINA
RE- Request for List of Loans from Chinese Government Institutions[1]
Middle East Business Briefs 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.