Active Development AidData Chinese Aid

Chinese Government provides a NAD 38.33 million interest-free loan - via a May 2001 ETCA - for unspecified purposes

¥38.33M RMB

Funder	China Ministry of Commerce
Recipient Organization	Government of Namibia
Country	Namibia
Start Date	May 28, 2001
End Date	Feb 09, 2029
Duration	10,119 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`62350`

Grant Description

Chinese Government provides a NAD 38.33 million interest-free loan - via a May 2001 ETCA - for unspecified purposes In 2001, the Chinese Government and the Government of Namibia signed a NAD 38,328,237 interest-free loan in 2001. The loan carried the a maturity period of 20-years (the final maturity date was October 1, 2020).

This loan appears to refer to a RMB 20 million interest free loan that was committed through an Economic and Technical Cooperation Agreement (ETCA) between the Chinese Government and the Namibian Government on May 28, 2001. It is not known how the proceeds of this loan were used.

📋 Staff Comments

As this is an ETCA, which is a financing mechanism specific to China's Ministry of Commerce (MOFCOM), AidData has coded MOFCOM as the specific Chinese Government institution responsible for providing this grant.

📚 Sources & References

Summary Report of the Auditor-General on the Accounts of the Government of Namibia for the Financial Year Ended 31 March 2014
中华人民共和国政府和纳米比亚共和国政府经济技术合作协定
Namibia and China: Profile and appraisal of a relationship 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.