Active Development AidData Chinese Aid

Chinese Government provides RMB 40 million interest-free loan — via ETCA — for unspecified purposes

¥40M RMB

Funder	China Ministry of Commerce
Recipient Organization	Government of Kenya
Country	Kenya
Start Date	Sep 24, 2010
End Date	Sep 26, 2031
Duration	7,672 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`58995`

Grant Description

Chinese Government provides RMB 40 million interest-free loan — via ETCA — for unspecified purposes On September 24, 2010, the Chinese Government and the Government of Kenya signed an Economic and Technical Cooperation Agreement (ECTA), which committed an RMB 40 million interest-free loan for unspecified purposes.

📋 Loan / Grant Terms

💰 Loan Amountcarries the following borrowing terms: a 10-year grace period

📅 Maturity21 years

⏳ Grace Period10 years

💹 Interest Rate0%

The loan was scheduled for repayment in semi-annual installments commencing on August 1, 2020 and ending on August 1, 2031. The borrower made no repayments in between June 30, 2020 and June 30, 2022.

The loan’s amount outstanding was RMB 13,500,000 as of June 30, 2020, RMB 13,500,000 as of June 30, 2021, and RMB 13,500,000 as of June 30, 2022.

📋 Staff Comments

Given that the loan either fully or partially disbursed but it is not known how these loan proceeds were utilized, AidData has set the umbrella field to False.
The loan identification number in the Government of Kenya’s External Public Debt Register is 2010024_1.
The amounts outstanding and repayments data are drawn from the Kenyan Treasury’s External Public Debt Register. See https://www.dropbox.com/s/549ixt2gj1jbjvi/External-Public-Debt-Register-as-at-End-June-2022.pdf?dl=0 and https://www.dropbox.com/s/0et4jg1qfg1bo7r/External-Public-Debt-Register-as-at-End-June-2021.pdf?dl=0 and https://www.dropbox.com/s/233j706743q7f1g/External-Public-Debt-Register-as-at-End-June-2020.pdf?dl=0 and https://www.dropbox.com/s/qkoybr9ja0ohemy/External-Public-Debt-Register-as-at-End-June-2009.pdf?dl=0 and https://www.dropbox.com/s/thy3s6ggjcjd97z/External-Public-Debt-Register-as-at-End-June-2012.pdf?dl=0 and https://www.dropbox.com/s/fzbfq01vas6m0i9/External-Public-Debt-Register-as-at-End-June-2019.pdf?dl=0 and https://www.dropbox.com/s/ennrl6d4zd2nizs/External-Public-Debt-Register-as-at-End-June-2018.pdf?dl=0 and https://www.dropbox.com/s/8ibazrj1a8oho2d/External-Public-Debt-Register-as-at-End-June-2017.pdf?dl=0 and https://www.dropbox.com/s/wdbjl0wq49i09x1/External-Public-Debt-Register-as-at-End-June-2015.pdf?dl=0

📚 Sources & References

Public Debt Register as at End June 2015
SUMMARY STATEMENT OF PUBLIC DEBT FOR 2020/2021FY IN FOREIGN CURRENCY 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.

All Grantees

Government of Kenya

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