China Provides USD $6.5M Credit Line to Cuba through ETCA (Linked to Record ID#54625)

$6.5M USD

Funder	China Ministry of Commerce
Recipient Organization	Government of Cuba
Country	Cuba
Start Date	Apr 13, 2001
End Date	Jan 27, 2031
Duration	10,881 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`54642`

Grant Description

China Provides USD $6.5M Credit Line to Cuba through ETCA In April 2001, the governments of China and Cuba signed an Economic and Technical Cooperation Agreement that granted a $6.5 million interest-free credit line during a visit of Chinese President Jiang Zemin to Havana. The loan will be paid over a five year period to April 2006.

The status of the project and exact use of the loan is unclear.

📋 Staff Comments

This project is part of the $400 million in interest-free financing provided to Cuba in April 2001. Linked project #54625 is the umbrella project aggregate of China's transactions with Cuba during that month.

📚 Sources & References

Cuba
China
Venezuela: New Developments
中国与古巴两国双边关系
Cuba and China: Lessons and Opportunities for the United States
China's Emerging Role in Latin America: Evidence from Cuba
Venezuela, and the Caribbean 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.