Active Development AidData Chinese Aid

Chinese government loans RMB 20 million interest-free to Benin as part of an ETCA (Linked to Record ID#59049)

¥20M RMB

Funder	China Ministry of Commerce
Recipient Organization	Government of Benin
Country	Benin
Start Date	Dec 16, 2005
End Date	Aug 11, 2029
Duration	8,639 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`59052`

Grant Description

Chinese government loans RMB 20 million interest-free to Benin as part of an ETCA On December 16, 2005, the Chinese Ambassador to Benin, Li Beifen, and Benin Minister of Foreign Affairs, Rogatien Biaou, signed an Economic and Technical Cooperation Agreement (ETCA) to provide a RMB 20 million interest-free loan to Benin for projects to be specified at a later date.

This loan was signed alongside a RMB 20 million grant from the Chinese government under another ETCA (see Record ID#59049). The allocation of funds is unknown.

📋 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.
This record has been marked as having evidence of financial distress because it was subject to debt forgiveness captured in record #108739.

📚 Sources & References

Address by HE Li Beifen
Chinese Ambassador to Benin at the signing ceremony of Economic and Technical Cooperation Agreements between the Chinese and Beninese Governments
Liste de prêts des institutions gouvernementales chinoises de 2000 à 2017 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.