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Chinese Government provides RMB 200 million interest-free loan — via ETCA — for unspecified purposes
| Funder | China Ministry of Commerce |
|---|---|
| Recipient Organization | Government of Cambodia |
| Country | Cambodia |
| Start Date | Apr 08, 2013 |
| End Date | Aug 14, 2027 |
| Duration | 5,241 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 62488 |
Grant Description
Chinese Government provides RMB 200 million interest-free loan — via ETCA — for unspecified purposes On April 8, 2013, the Chinese Government provided an RMB 200 million interest-free loan through an Economic and Technical Cooperation Agreement (ETCA) to Cambodia for unspecified purposes. An RMB 300 million grant ETCA was also signed on the same day (see Record ID#62486).
Premier Li Keqiang of the State Council held talks with Cambodian Prime Minister Hun Sen in the Great Hall of the People on April 8, 2013.
The two sides signed multiple agreements, including ETCAs, loans from China to Cambodia for bridge and irrigation system development, grant aid for a vocational school on agriculture, and a memorandum of understanding on an oil refinery project (see Record ID#62466). ("Li: Cooperation with Cambodia should rise").
Staff Comments
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
- Li: Cooperation with Cambodia should rise
- 李克强在人民大会堂同柬埔寨首相洪森举行会谈
- 李克强在人民大会堂同柬埔寨首相洪森举行会谈
- AIDE MEMOIRE ON CAMBODIA-CHINA COOPERATION 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 Cambodia
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