Chinese Government provides Samoa RMB 10M interest free loan for unspecified purposes through December 2011 ETCA

¥10M RMB

Funder	China Ministry of Commerce
Recipient Organization	Government of Samoa
Country	Samoa
Start Date	Dec 02, 2011
End Date	Feb 10, 2028
Duration	5,914 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`65337`

Grant Description

Chinese Government provides Samoa RMB 10M interest free loan for unspecified purposes through December 2011 ETCA On December 2, 2011, the Chinese Ambassador to Samoa, Zhao Weiping, and Samoan Prime Minister, Tuilaepa Lupesoliai Sailele Marieleoi, signed an Economic and Technical Cooperation Agreement (ETCA) with the Government of Samoa.

The agreement provided a 3.835 Samoan tālā (10 million RMB) interest-free loan to be used 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

中萨签署经济技术合作协定
中国同萨摩亚签署援款协定 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.