Chinese government provides 50 million RMB interest-free loan to Gabon as part of ETCA

¥50M RMB

Funder	Unspecified Chinese Government Institution
Recipient Organization	Government of Gabon
Country	Gabon
Start Date	Mar 24, 2015
End Date	Nov 28, 2027
Duration	4,632 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`60743`

Grant Description

Chinese government provides 50 million RMB interest-free loan to Gabon as part of ETCA On March 24, 2015, China and Gabon signed an Economic and Technical Cooperation Agreement which included an interest free loan of 50 million RMB in order to fund developmental projects in Gabon.

📋 Loan / Grant Terms

💰 Loan Amounthas a 20 year maturity

📅 Maturity20 years

⏳ Grace Period10 years

💹 Interest Rate0%

The developmental projects funded will be mutually agreed upon both Gabon and China.

The loan will be reimbursed by the Gabonese government over a period of ten years, from January 1, 2025 to December 31, 2034, at a 10% yearly rate. The current status of the project is unknown.

📚 Sources & References

China and Gabon Sign Economic and Technical Cooperation Agreement
Cooperation Gabon / China
Signature de l'Accord de la coopération économique et technique entre la Chine et le Gabon 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.