Chinese Government provides $14 million interest-free loan for unspecified agricultural project

📋 Staff Comments

1. The borrowing terms of the loan are unknown. For the time being, AidData assumes that the standard MOFCOM borrowing terms for an interest-free loan apply: 20-year maturity, 10-year grace period, and 0% interest.
2. In June 2018, the Chinese Government announced that it would provide a grant for the construction of an Agricultural School (with classrooms and residences and the capacity to accommodate 38 students) in the town of Caliquiesse. The Chinese ambassador to Guinea-Bissau, Jin Hongjun, noted in June 2018 that 16 Chinese technicians were already in Canchungo, 30 kilometers from Caliquisse, and they would provide training at the future school. It is unclear if this grant is related to the $14 million interest-free loan agreement. This issue warrants further investigation.

📚 Sources & References

• Guinea-Bissau disappointed with funds from Beijing FOCAC
• Guinea-Bissau gets support from China for an agricultural project
• Presidente guineense critica falta de coordenação entre Bissau e Pequim
• 习近平分别会见出席中非合作论坛北京峰会的部分非洲国家领导人和国际组织负责人
• 习近平会见几内亚比绍总统瓦斯
• Chinese Loans to Africa Database
• China apoia construção da primeira escola agrícola da Guiné-Bissau 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.