Chinese Government commits RMB 30 million interest-free loan — through ETCA — for unspecified purposes (Linked to Record ID#57128)

📋 Staff Comments

- This loan is linked to Project #57128, an RMB 30 million grant that was committed at the same time. 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

• Economic and Commercial Counsellor's Office of the Embassy of the People's Republic of China in the Republic of Burundi
• 中布签署政府间经济技术合作协定
• 中国与布隆迪签署双边经济技术协定
• 中国对外开放30周年回顾展
• 中国与布隆迪签署双边经济技术协定 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.