Active Development AidData Chinese Aid

Chinese Government provides a RMB 50 million interest-free loan — via a December 2014 ETCA — for unspecified purposes

¥50M RMB

Funder	China Ministry of Commerce
Recipient Organization	Lebanese Council for Development and Reconstruction (CDR)
Country	Lebanon
Start Date	Dec 18, 2014
End Date	Jun 08, 2028
Duration	4,921 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`65715`

Grant Description

Chinese Government provides a RMB 50 million interest-free loan — via a December 2014 ETCA — for unspecified purposes On December 18, 2014, the Chinese Government and the Lebanese Council for Development and Reconstruction (CDR) signed an Economic and Technical Cooperation Agreement (ETCA), which committed an RMB 50 million interest-free loan from China to Lebanon for unspecified purposes.

📋 Loan / Grant Terms

💰 Loan Amountcarried a maturity period of 20 years and a grace period of 10 years

The loan repayment period was January 1, 2025 to December 31, 2034. The lender agreed to allow the borrower to repay the loan via convertible currency or domestically-produced exports.

The ETCA stipulated that the interest-free loan would be made able for draw-down over a five-year period from January 1, 2015 to December 31, 2019 for projects mutually agreed upon by the two governments and that it would be disbursed through a bank account established between China Development Bank and the Banque du Liban (Lebanon’s central bank).

The Council of Ministers of Lebanon approved this loan agreement on May 22, 2014 via Decree No. 11880.

📋 Staff Comments

This project is known as 'Economic and Technical Cooperation 2014' in the Lebanese Council for Development and Reconstruction's (CDR) database. The agreement number is 12630 (see 'CDR Funding - Economic and Technical Cooperation 2014').Sources are divided on the signing date of this loan. On CDR's website 'Signing a Loan Agreement with China', published on December 18, 2014, states that the President of the Council for Development and Reconstruction and Chinese Ambassador to Lebanon signed the loan agreement. 'الموافقة على ابرام اتفاقية قرض لتنفيذ مشاريع تعاون اقتصادي وفني بين حكومة الجمهورية اللبنانية وحكومة جمهورية الصين الشعبية الموقعة في بيروت بتاريخ 18/12/2014' and 'الموافقة على ابرام اتفاقية قرض لتنفيذ مشاريع تعاون اقتصادي وفني بين حكومة الجمهورية اللبنانية وحكومة جمهورية الصين الشعبية', the text of the ETCA and the approval of the loan agreement, from Lebanese University's Legal Informatics Center, as well as CDR's entry on the project ('CDR Funding - Economic and Technical Cooperation 2014') state that the ETCA was signed in Beirut on December 18, 2014. 2015 CDR publications 'Council for Development and Reconstruction Progress Report' (pg.131) and 'تمويل برنامج إعادة اإلعمار' (pg.167 in the document, but pg.9 of the PDF) state that the loan agreement was signed on August 18, 2014. AidData has assumed that the former is correct, because the ETCA itself features this signing date.As this is an ETCA, which is a financing mechanism specific to China's Ministry of Commerce (MOFCOM), AidData has coded MOFCOM as the specific Chinese Government institution responsible for providing this grant.

📚 Sources & References

Signing a Loan Agreement with China
Progress Report, تمويل برنامج إعادة اإلعمار
Economic and trade relations between Lebanon and China, الموافقة على ابرام اتفاقية قرض لتنفيذ مشاريع تعاون اقتصادي وفني بين حكومة الجمهورية اللبنانية وحكومة جمهورية الصين الشعبية الموقعة في بيروت بتاريخ 18/12/2014, الموافقة على ابرام اتفاقية قرض لتنفيذ مشاريع تعاون اقتصادي وفني بين حكومة الجمهورية اللبنانية وحكومة جمهورية الصين الشعبية
Signing a Loan Agreement with China
CDR Funding - Economic and Technical Cooperation 2014
CDR Progress Report 2014, فهرس الاتفاقيات المعقودة بين لبنان ودول العالم والمجموعات والصناديق الدولية 2020 - 1948 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.