China reschedules Cuban interest-free ETCA loan (Linked to Record ID#110963)

Funder	China Ministry of Commerce
Recipient Organization	Cuba Ministry of Foreign Trade and Foreign Investment
Country	Cuba
Start Date	Jan 28, 2015
End Date	Jan 24, 2026
Duration	4,014 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`69887`

Grant Description

On 28 January, 2015, during the XXVII Bilateral Intergovernmental Commission, officials from the China Ministry of Commerce signed an agreement to postpone an interest-free loan to Cuba's Ministry of Foreign Trade and Foreign Investment.

The original loan was committed via an Economic and Technical Cooperation Agreement (ETCA) between the Government of Cuba and the Government of the People's Republic of China during President Xi Jinping's visit to Havana on 22 July 2014.

The ETCA details the granting of an interest-free loan for the supplies of materials and equipment and execution of projects agreed upon by both governments.

📚 Sources & References

Intensifican cooperación Cuba y China
China no cobrará todavía la deuda de Cuba
Una relación con bases sólidas
Cuba y China establecen nuevos acuerdos en la esfera económica 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.