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Chinese Government provides $30 million interest-free loan — via ETCA — for unspecified purposes
| Funder | China Ministry of Commerce |
|---|---|
| Recipient Organization | Government of Yemen |
| Country | Yemen |
| Start Date | Sep 12, 2012 |
| End Date | Jul 26, 2031 |
| Duration | 6,891 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 65255 |
Grant Description
Chinese Government provides $30 million interest-free loan — via ETCA — for unspecified purposes On September 12, 2012, the Chinese Government and the Government of Yemen signed an Economic and Technical Cooperation Agreement (ETCA), which committed an $30 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
- THE YEMEN-CHINA ECONOMIC
- COMMERCIAL
- AND TECHNICAL RELATIONS DURING ALI ABDULLAH SALEH'S ADMINISTRATION FROM 1990 TO 2012
- 中国和也门经济技术合作协定在银川签订 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 Yemen
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