Chinese Government provides RMB 20 million interest-free loan — via ETCA — for unspecified purposes

¥20M RMB

Funder	China Ministry of Commerce
Recipient Organization	Government of Papua New Guinea
Country	Papua New Guinea
Start Date	Dec 23, 2010
End Date	Oct 15, 2028
Duration	6,506 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`64514`

Grant Description

Chinese Government provides RMB 20 million interest-free loan — via ETCA — for unspecified purposes On December 23, 2010, the Chinese Government and the Government of Papua New Guinea signed an Economic and Technical Cooperation Agreement (ETCA), which committed an RMB million interest-free loan for unspecified purposes.

📋 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

PNG and China sign multi-million kina agreements
驻巴新大使仇伯华与巴新外交部秘书长毛伟签署两国政府间贷款协议 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.