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Chinese Government provides RMB 200 million interest-free loan for unspecified purposes (Linked to Record ID#41197, #41198)
| Funder | China Ministry of Commerce |
|---|---|
| Recipient Organization | Government of Yemen |
| Country | Yemen |
| Start Date | Nov 01, 2013 |
| End Date | Nov 20, 2030 |
| Duration | 6,228 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 41199 |
Grant Description
Chinese Government provides RMB 200 million interest-free loan for unspecified purposes On November 13, 2013, Chinese President Xi Jinping agreed to provide an interest-free long-term loan of 200 million RMB to Yemen for unspecified purposes.
At the same meeting, China also pledged a 50 million RMB grant to the Yemeni Defense Ministry (see Record ID#41198) and a 100 million RMB grant (see Record ID#41197).
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 TO BUILD NEW POWER PLANTS AND DEVELOP PORTS IN YEMEN
- China Sticks its Nose in Yemen with Calls for Peace
- Evacuation Efforts
- Why Is China Interested in a Volatile Yemen?
- At top summit, 350 mln CNY provided to Yemen
- At top summit
- China gifts Yemen ¥150 mln, ¥200 mln no-interest 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 Yemen
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