Completed Development AidData Chinese Aid

China signs Economic and Technical Cooperation Agreement loaning 20 million RMB interest-free to Uruguay

¥20M RMB

Funder	China Ministry of Commerce
Recipient Organization	Government of Uruguay
Country	Uruguay
Start Date	Sep 04, 2006
End Date	May 22, 2031
Duration	9,026 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`64300`

Grant Description

China signs Economic and Technical Cooperation Agreement loaning 20 million RMB interest-free to Uruguay On 4 September 2006, the Chinese Government signed an Economic and Technical Cooperation Agreement loaning 20 million RMB interest-free to the Government of Uruguay for unspecified development projects.

📋 Loan / Grant Terms

💹 Interest Rate0%

According to a Central Bank of Uruguay report, 19.5 million RMB was disbursed as of 30 June 2019.

📋 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

Bilateral and Multilateral Loans
Cuadro III : Desagregación de Préstamos Internacionales VIGENTES AL 30/06/2019
D/280/2009 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.