Chinese Government provides $6 million interest-free loan for food security

$6M USD

Funder	China Ministry of Commerce
Recipient Organization	Government of Eritrea
Country	Eritrea
Start Date	Sep 04, 2010
End Date	Dec 28, 2030
Duration	7,420 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`588`

Grant Description

Chinese Government provides $6 million interest-free loan for food security On September 4, 2010, the Chinese Government and the Government of Eritrea signed a $6 million interest-free loan agreement. The proceeds of the loan were earmarked for food security activities.

Mr Berhane Abrehe, minister of finance, signed the agreement on the Eritrean government side, and deputy foreign minister, Zhai Jun, on the side of the government of the PRC. The implementation status of this loan is unknown

📚 Sources & References

Digest of reports from Eritrea's Hadas Eritrea newspaper of 31 August
Eritrea and PRC conclude loan and cooperation agreement
ChinaLoansToAfrica©SAIS-CARI.csv, http://global.factiva.com/aa/?ref=BBCAP00020100904e694000xd&pp=1&fcpil=en&napc=S&sa_from=
China Commits Millions in Aid to Eritrea
China Commits Millions in Aid to Eritrea 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.