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(Umbrella) Chinese Government commits $23.8 million interest-free loan — through December 2003 ETCA — for Okahandja Defense Academy Project and Phase 1 of Berg Aukas Youth Skills Training Center Construction Project (linked to Record ID#s #1282 and #61545)
| Funder | China Ministry of Commerce |
|---|---|
| Recipient Organization | Government of Namibia |
| Country | Namibia |
| Start Date | Dec 01, 2003 |
| End Date | Apr 13, 2026 |
| Duration | 8,169 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 68444 |
Grant Description
(Umbrella) Chinese Government commits $23.8 million interest-free loan — through December 2003 ETCA — for Okahandja Defense Academy Project and Phase 1 of Berg Aukas Youth Skills Training Center Construction Project In December 2003, the Chinese Government and the Government of Namibia signed an Economic and Technical Cooperation Agreement (ETCA), which committed a $23,842,659 interest-free loan for Phase 1 of Berg Aukas Youth Skills Training Center Construction Project (recorded in Record ID#61545) and the Okahandja Defense Academy Project (recorded in Record ID#1282).
Both projects were completed by 2019, with all funding dispersed by then.
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
- Equiping the Namibian child
- 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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