Chinese government to loan interest-free RMB 500 million to Benin.

¥500K RMB

Funder	China Ministry of Commerce
Recipient Organization	Government of Benin
Country	Benin
Start Date	Jan 01, 2012
End Date	Sep 02, 2029
Duration	6,454 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`59190`

Grant Description

Chinese government to loan interest-free RMB 500 million to Benin. In 2012, the Chinese government agreed to loan an interest-free RMB 500 million to Benin. This is likely through an Economic and Technical Cooperation Agreement (ETCA). But there is no other information available about the loan.

📋 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

Benin government signs two cooperation agreements with China
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.