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Chinese Government provides $4 million interest-free loan — via ETCA — for unspecified development projects (Linked to Record ID#65074)
| Funder | China Ministry of Commerce |
|---|---|
| Recipient Organization | Government of Syria |
| Country | Syrian Arab Republic |
| Start Date | Dec 11, 2003 |
| End Date | Jun 10, 2033 |
| Duration | 10,774 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 65072 |
Grant Description
Chinese Government provides $4 million interest-free loan — via ETCA — for unspecified development projects On December 11, 2003, the Chinese Government and the Government of Syria signed an Economic and Technical Cooperation Agreement (ETCA), which committed a $4 million interest-free loan unspecified economic and social development projects.
On the same day, the two governments signed an RMB 10 million grant agreement (captured in Record ID#65074).
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
- Syria
- China sign two economic, technical agreements 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 Syria
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