Active Development AidData Chinese Aid

China signs an Economic and Technical Cooperation Agreement loaning 150 million RMB interest-free to Benin in November 2013

¥150M RMB

Funder	China Ministry of Commerce
Recipient Organization	Government of Benin
Country	Benin
Start Date	Jan 01, 2013
End Date	Jul 23, 2033
Duration	7,508 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`59194`

Grant Description

China signs an Economic and Technical Cooperation Agreement loaning 150 million RMB interest-free to Benin in November 2013 On November 14, 2013, the Chinese government signed a two Economic and Technical Cooperation Agreements (ETCA).

One loaned 150 million RMB interest-free for unspecified projects and the other granted 50 million RMB (see ETCA #59196).

📋 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

Ambassador Ben Weiguang of Benin and Foreign Minister Bei signed an economic and technological cooperation agreement
Strengthening Sino-Beninese cooperation: China puts 16 billion FCFA at the disposal of Benin
Bénin : plus de 16 milliards FCFA de la Chine en faveur de projets de développement 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.