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China and Gabon signed Economic and Technical Cooperation Agreement (ETCA) for RMB 80 million no-interest loan (Linked to Record ID#30116)
| Funder | China Ministry of Commerce |
|---|---|
| Recipient Organization | Government of Gabon |
| Country | Gabon |
| Start Date | Apr 21, 2010 |
| End Date | Mar 08, 2028 |
| Duration | 6,531 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 60464 |
Grant Description
China and Gabon signed Economic and Technical Cooperation Agreement (ETCA) for RMB 80 million no-interest loan On April 21, 2010, China and Gabon signed an Economic and Technical Agreement (ETCA) for an RMB 80 million no-interest loan to be used for projects agreed on by both governments. It is not clear which Chinese agency is responsible for implementing this transaction.
The current status of this project is unknown. This project is part of umbrella Record ID#30116.
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
- Le Gabon et la Chine signent plusieurs accords de coopération
- 傅自应副部长拜会加蓬总理，中加签署两国政府经济技术合作协定
- Zone Asie 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 Gabon
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