Loading…
Loading grant details…
| 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 |
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.
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.
Government of Gabon
Complete our application form to express your interest and we'll guide you through the process.
Apply for This Grant