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Chinese Government provides a RMB 30 million interest-free loan — via a 2001 ETCA — for the import of goods and services
| Funder | China Ministry of Commerce |
|---|---|
| Recipient Organization | Ministry of Finance of Georgia |
| Country | Georgia |
| Start Date | Jan 01, 2001 |
| End Date | Jul 06, 2026 |
| Duration | 9,317 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 67708 |
Grant Description
Chinese Government provides a RMB 30 million interest-free loan — via a 2001 ETCA — for the import of goods and services According to July 2018 email correspondence between Georgia’s Ministry of Finance and AidData, on April 31, 2001 the Chinese Government and the Government of Georgia signed a provided an Economic and Technical Cooperation Agreement (ETCA) in which the Chinese Government loaned RMB 30 million to the Government of Georgia.
The final maturity date of the loan was January 5, 2022. The proceeds of the loan were to be used by the borrower to facilitate the import of goods and services.
Staff Comments
1. Based on the involvement of China's Ministry of Commerce in interest-free loans and ETCAs, AidData assumes that it was the ultimate source of financing for the project.
Sources & References
- Catalogue of bilateral agreements between China and Georgia
- Bilateral Co
- Request for List of Loans from Chinese Government Institutions to Georgia
- Request for List of Loans from Chinese Government Institutions to Georgia 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
Ministry of Finance of Georgia
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