Active Development AidData Chinese Aid

Chinese Government commits RMB 50 million interest-free loan — through ETCA — for unspecified projects (Linked to Record ID#57185 and #66774)

¥50M RMB

Funder	China Ministry of Commerce
Recipient Organization	Government of Burundi
Country	Burundi
Start Date	Oct 04, 2012
End Date	Sep 08, 2027
Duration	5,452 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`57184`

Grant Description

Chinese Government commits RMB 50 million interest-free loan — through ETCA — for unspecified projects On October 4, 2012 the Chinese Government and the Government of Burundi signed an Economic and Technical Cooperation Agreement (ETCA), which provided an RMB 50 million interest-free loan for unspecified projects that would support the Government of Burundi’s Second Generation Strategic Framework for Growth and Poverty Alleviation (CSLP II).

📋 Staff Comments

An RMB 50 million grant agreement was also signed at the meeting (see Project ID#57185. The second phase of the ETCA was signed on December 28, 2012 (see Project ID#66774). 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

La Chine et le Burundi signent deux accords de coopération économique et technique
中布两国政府新签两项经济技术合作协定
中布两国政府签署2012年第二期经济技术合作协定 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.