Completed Development AidData Chinese Aid

Chinese Government grants $2 million USD to help Zambia service debts to CATIC (Linked to ETCA #2198)

$2M USD

Funder	China Ministry of Commerce
Recipient Organization	Government of Zambia
Country	Zambia
Start Date	Jan 01, 2003
End Date	Oct 04, 2031
Duration	10,503 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`69231`

Grant Description

On November 6, 2003 during a Zambian Presidential visit to China, government officials signed an Economic and Technical Cooperation Agreement (ETCA #2198) in which China granted $6 million USD to Zambia.

According to a working paper from the African Economic Research Consortium (source ID 112042 p. 20), $2 million USD of the ETCA was used to service the Government of Zambia's debts to China National Aero-Technology Import and Export Corporation (CATIC). The $2 million USD check was officially handed over to the Zambian side on December 4, 2003.

CATIC previously provided supplier's credits to Zambia for the acquisition of planes and earth-moving equipment.

At the time of this ETCA, the Government of Zambia's outstanding debt obligation to CATIC was worth approximately $59,626,306.35 USD. As of December 2006, Zambia's indebtedness to CATIC made up 27.9% of all indebtedness to China.

📋 Staff Comments

One source identifies November 7, 2003 rather than November 6, 2003 as the day when the ETCA was signed.

📚 Sources & References

经济技术合作协议
China-Africa economic relations: The case of Zambia 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.