China signs Economic and Technical Cooperation Agreement loaning 40 million RMB interest-free in February 2004

📋 Staff Comments

One source (http://french.china.org.cn/french/100135.htm) coded the transaction amount as 50 million RMB. The most recent official source (http://www.diplomatie.gouv.ga/2-ministere/496-cadre-juridique/559-zone-asie/497-zone-asie-/) coded it as 40 million RMB. 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

• 'L'émergence pacifique' de la Chine dans le monde, http://french.china.org.cn/french/100135.htm
• 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.