China signs ETCA with Central African Republic with interest-free loan for unspecified purposes (Linked to Record ID#56561)

China signs ETCA with Central African Republic with interest-free loan for unspecified purposes On December 26, 2012, the Chinese ambassador and Central African Republic Minister of International Cooperation signed two separate economic and technical cooperation agreements (ETCAs) worth 13.7 billion CFA.

This project captures the ETCA for an interest-free loan. It is unknown what projects will be implemented with the provided funding. The other ETCA, for a grant, is captured by Record ID#56561.

The combined value of these two ETCAs was reported to be 13.7 billion CFA, but the breakdown between the two agreements is unclear so no transaction amount has been coded in either project. 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.