Chinese Government provides RMB 300 million interest-free loan — via a February 2018 ETCA — for supply of equipment to University Center of Measurement and Analysis (CUMA)

📋 Staff Comments

1. The French project title is CUMA de l’UCAD et divers projets.
2. Other agreements signed at the same time include the exchange of letters for China's donation of simultaneous translation equipment for the Economic, Social and Environmental Council (“中国向塞内加尔赠送一批同传设备的换文”) (captured via Project ID#66702); the exchange of letters of installation and access to satellite television system is more than 300 villages in Senegal (在塞内加尔三百个村落实施“万村通”项目的换文) (captured via Project ID#66560); the exchange of letters for the continuation of the support of the technical mission at the National Children’s Hospital Center in Diamniadio (Centre national hospitalier d’enfants de Diamniadio) ('继续为迪亚姆尼亚久儿童医院开展技术服务的换文') (captured via Project ID#66703).
3. The borrowing terms of the loan are unknown. For the time being, AidData assumes that the standard borrowing terms of an interest-free loan from MOFCOM apply (0% interest rate, 20-year maturity, and 10-year grace period).
4. Some sources suggest that this project was financed with an RMB 300 million grant rather than an RMB 300 million interest-free loan. This issue warrants further investigation.

📚 Sources & References

• Senegal Ministry of Finance Twitter Thread
• Senegal Bond Prospectus
• 中国与塞内加尔签订经济技术合作协定
• 中国与塞内加尔签订经济技术合作协定
• May 2018 Flat Export of Senegal
• La Chine a octroyé 87.000.000.000 de francs CFA pour financer le projet
• 驻塞内加尔大使张迅出席中塞经济技术合作协定和“智慧塞内加尔”项目优惠贷款框架协议签字仪式
• La Chine a octroyé 87.000.000.000 de francs CFA pour financer le projet « Smart Sénégal »
• Cooperation: Amadou Ba signs a series of agreements with China
• Signature d’un accord de coopération économique entre le Sénégal et la Chine
• 驻塞内加尔大使张迅出席中塞经济技术合作协定和“智慧塞内加尔”项目优惠贷款框架协议签字仪式
• MINISTERE DE L’ECONOMIE
• DES FINANCES ET DU PLAN ----------- RAPPORT ANNUEL D’ACTIVITES EDITION 2018
• RAPPORT TRIMESTRIEL D’EXECUTION BUDGETAIRE TROISIEME TRIMESTRE 2018
• RAPPORT TRIMESTRIEL D'EXECUTION BUDGETAIRE QUATRIEME TRIMESTRE 2018 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.