Active Development AidData Chinese Aid

MOFCOM provides RMB 20 million interest-free loan for unspecified purposes

¥20M RMB

Funder	China Ministry of Commerce
Recipient Organization	Government of Sierra Leone
Country	Sierra Leone
Start Date	Jan 01, 2005
End Date	Sep 09, 2029
Duration	9,017 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`70210`

Grant Description

MOFCOM provides RMB 20 million interest-free loan for unspecified purposes In 2005, the China's Ministry of Commerce (MOFCOM) and the Government of Sierra Leone signed an RMB 20 million loan agreement for unspecified purposes.

📋 Loan / Grant Terms

💰 Loan AmountAccount No

📅 Maturity20 years

⏳ Grace Period10 years

💹 Interest Rate0%

The borrower was expected to repay the lender in ten, consecutive, annual payments (of RMB 2 million each) between 2015 and 2024. The first disbursement was made in 2011 and the first repayment was made in 2015.

The (principal) amount outstanding under the loan was RMB 18,460,000 as of December 31, 2015, RMB 18,460,000 as of December 31, 2016, RMB 18,460,000 as of December 31, 2017, RMB 18,460,000 as of December 31, 2018, RMB 18,460,000 as of December 31, 2019, RMB 18,460,000 as of December 31, 2020, RMB 4,460,000 as of December 31, 2021, and RMB 2,460,000 as of December 31, 2022.

📋 Staff Comments

The Government of Sierra Leone loan identification (key) number is 2005281.
Data on disbursements, repayments, and amounts outstanding can be accessed via https://www.thesierraleonetelegraph.com/wp-content/uploads/2019/12/Sierra-Leone-Auditor-General-Report-2018.pdf and https://website.auditservice.gov.sl/wp-content/uploads/2023/12/Auditor-General-Annual-Report-2022.pdf and https://website.auditservice.gov.sl/wp-content/uploads/2023/12/assl-auditor-general-annual-report-2016.pdf and https://mof.gov.sl/wp-content/uploads/2022/08/Sierra-Leone-Report-on-SOEs-_31st-August-2022-Final.pdf and https://website.auditservice.gov.sl/wp-content/uploads/2023/12/Auditor-Generals-Annual-Report-2018.pdf and https://website.auditservice.gov.sl/wp-content/uploads/2023/12/Annual-Report-on-the-Account-of-Sierra-Leone-2021.pdf and https://website.auditservice.gov.sl/wp-content/uploads/2023/12/Auditor_Generals_Annual-Report-2017_10_1_19.pdf and https://website.auditservice.gov.sl/wp-content/uploads/2023/12/Annual-Report-on-the-Account-of-Sierra-Leone-2019.pdf and https://mof.gov.sl/wp-content/uploads/2024/04/FINAL-REPORT-on-SOEs-CLEAN-24TH-APRIL-2024.pdf

📚 Sources & References

Transmittal Letter
Transmittal Letter (For 2016 Financial Year)
Trasnmittal Letter
Sierra-Leone-Public-Debt-and-SoEs-Tables-Debt-Transparency-December-2021_March-2022
Report on the Accounts of Sierra Leone for the Financial Year ended 31st December, 2022
Auditor_Generals_Annual-Report-2017
Annual Report on the Account of Sierra Leone 2019
REPORT ON THE OUTSTANDING LOANS/DEBT INCLUDING GUARANTEES OF THE SEVENTEEN STATE-OWNED ENTERPRISES
Annual Report on the Accounts of Sierra Leone 2020
Report on the Accounts of Sierra Leone for the Financial Year ended 31st December, 2021 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.