Active Development AidData Chinese Aid

Chinese Government provides $4.8 million interest-free loan for Eiseb Block Farm Development Project (Linked to Record ID#61037)

$4.8M USD

Funder	China Ministry of Commerce
Recipient Organization	Government of Namibia
Country	Namibia
Start Date	Jan 01, 2008
End Date	Apr 28, 2027
Duration	7,057 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`68255`

Grant Description

Chinese Government provides $4.8 million interest-free loan for Eiseb Block Farm Development Project In 2008, the Chinese Government provided a $4,801,459 interest-free loan to the Government of Namibia for the Eiseb Block Farm Development Project.

This project supported the development of small-scale farms in Eiseb Block, which is is a very remote part of Omaheke Province.

In three consecutive fiscal years (2008/09, 2009/10, and 2010/11), N$10,200,406 was reportedly allocated for the implementation of this project.

📋 Staff Comments

The loan does not appear to be included in the database of Chinese loan commitments that SAIS-CARI released in July 2020. 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

Country Strategy Paper 2009-2013
CHINA–AFRICA ECONOMIC RELATIONS: THE CASE OF NAMIBIA 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 Namibia

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