Active Development AidData Chinese Aid

Chinese Government provides CFA 16 billion francs in financing - via two December 2011 ETCAs - for unspecified purposes (Linked to Record ID#56580 and #56581)

$26.67M USD

Funder	China Ministry of Commerce
Recipient Organization	Government of the Central African Republic
Country	Central African Republic
Start Date	Dec 28, 2011
End Date	Dec 07, 2030
Duration	6,919 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`56577`

Grant Description

On December 28, 2011, the Chinese Government and the Government of the Central African Republic signed two Economic and Technical Cooperation Agreements (ETCAs), in which the Chinese Government committed a combined CFA 16 billion francs via a grant and an interest-free loan.

The proceeds of the grant and interest-free loan were to be used for projects to be mutually agreed upon by the two governments.

The interest-free loan is captured by linked Record ID#56581 project, and the grant is captured by linked Record ID#56580.

This project captures the total CFA 16 billion francs committed, as the breakdown between the grant and interest-free loan is unknown.

📋 Staff Comments

This project's flow_type was set as Vague TBD because it captures the combined financing of an interest-free loan and a grant.As this is an ETCA, which is a financing mechanism specific to China's Ministry of Commerce (MOFCOM), AidData has coded MOFCOM as the specific Chinese Government institution responsible for providing these financings.

📚 Sources & References

中国政府和中非政府签署新的经济技术合作协定
Centrafrique: Signature des deux accords de Coopération économique et technique entre le gouvernement centrafricain et le gouvernement chinois 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.