Active Development AidData Chinese Aid

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

¥50M RMB

Funder	China Ministry of Commerce
Recipient Organization	Government of Kenya
Country	Kenya
Start Date	Jul 18, 2011
End Date	Nov 21, 2031
Duration	7,431 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`59000`

Grant Description

Chinese Government provides RMB 50 million interest-free loan — via ETCA — for unspecified purposes On July 18, 2011, the Chinese Government and the Government of Kenya signed an Economic and Technical Cooperation Agreement (ECTA), which committed an RMB 50 million interest-free loan for unspecified purposes.

📋 Loan / Grant Terms

💰 Loan Amountcarries the following borrowing terms: a 10

📅 Maturity20.5 years

⏳ Grace Period10.5 years

💹 Interest Rate0%

The loan was scheduled for repayment in semi-annual installments commencing on April 1, 2021 and ending on April 1, 2031. However, there is no evidence of the borrower making any repayments in 2021 or 2022.

The loan’s amount outstanding was RMB 50 million as of June 30, 2020, RMB 50 million as of June 30, 2021, and RMB 50 million 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 2011018_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
The National Treasury Public Debt Management Office Summary Statement 2021/2022
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.