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Chinese Government provides an interest-free loan - via a December 2011 ETCA - for unspecified purposes (Linked to Record ID#56580 and #56577)
| 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 03, 2033 |
| Duration | 8,011 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 56581 |
Grant Description
Chinese Government provides an interest-free loan - via a December 2011 ETCA - for unspecified purposes 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 this project, and the grant is captured by linked Record ID#56580.
Record ID#56577 captures the total CFA 16 billion francs committed, as the breakdown between the grant and interest-free loan is unknown.
Staff Comments
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 this grant. 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
- 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.
All Grantees
Government of the Central African Republic
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