Active Development AidData Chinese Aid

Chinese Government provides RMB 50 million interest-free loan — through 2010 ETCA — for unspecified purposes

¥50M RMB

Funder	China Ministry of Commerce
Recipient Organization	Government of Democratic Republic of Congo
Country	Democratic Republic of the Congo
Start Date	Jan 01, 2010
End Date	Apr 03, 2029
Duration	7,032 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`58828`

Grant Description

Chinese Government provides RMB 50 million interest-free loan — through 2010 ETCA — for unspecified purposes In 2010, the Chinese Government and the Government of the Democratic Republic of the Congo signed an economic and technical cooperation agreement (ETCA).

Under the terms of the ETCA, the Chinese Government agreed to provide an RMB 50 million interest-free loan to the Government of the Democratic Republic of Congo for unspecified purposes. It is unclear if any of the proceeds of this loan have been disbursed.

📋 Staff Comments

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

RAPPORT ANNUEL 2010 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.