Active Development AidData Chinese Aid

4 Billion CFA interest free loan from China to Gabon for Development Projects

¥6.67M RMB

Funder	China Ministry of Commerce
Recipient Organization	Government of Gabon
Country	Gabon
Start Date	Dec 30, 2013
End Date	Nov 11, 2031
Duration	6,525 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`60748`

Grant Description

4 Billion CFA interest free loan from China to Gabon for Development Projects On December 30, 2013, Gabon's Minister of Foreign Affairs and members of the Chinese Embassy in Gabon signed a contract as part of an Economic and Technical Cooperation Agreement (ETCA) to provide Gabon with a 4 billion CFA Franc (50 million RMB) interest-free loan from the Chinese government.

The donation will be used for development projects agreed between the Gabonese and Chinese governments. The current status of the project is unknown.

📋 Staff Comments

Some sources state this is a grant and not an interest-free loan. 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

China - Gift of 4 billion CFA francs
COOPÉRATION : LA CHINE FAIT UN DON DE 4 MILLIARDS F CFA AU GABON
Zone Asie CADRE JURIDIQUE GABON/ARABIE SAOUDITE
Un prêt chinois au Gabon de 4 milliards de francs CFA, ministere de l'economie de emploi et du development durable Resume Janvier 2014 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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