Active Development AidData Chinese Aid

China signs Economic and Technical Cooperation Agreement loaning 2 million RMB interest-free to Cote d'Ivoire in September 2008

¥2M RMB

Funder	China Ministry of Commerce
Recipient Organization	Government of Côte d'Ivoire (Ivory Coast)
Country	Cote d'Ivoire
Start Date	Sep 01, 2008
End Date	Oct 30, 2033
Duration	9,190 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`70529`

Grant Description

China signs Economic and Technical Cooperation Agreement loaning 2 million RMB interest-free to Cote d'Ivoire in September 2008 On 1 September 2008, the Chinese Ambassador signed an economic and technical cooperation agreement (ETCA) loaning 2 million RMB (130 million CFA) interest-free to the Government of Cote d'Ivoire for unspecified projects.

📋 Loan / Grant Terms

💰 Loan Amountterms are unknown

It is unclear whether these funds were ever disbursed.

At the same meeting, the Chinese Ambassador also granted 400 million RMB (26 billion CFA) to the Government of Cote d'Ivoire (ETCA #66188).

The two officials signed three letters of exchange that day: (1) a mission to rehabilitate the ministerial bloc (#30583), (2) construction of a malaria control center (#718), and (3) donation of anti-malarial drugs worth 2 million RMB (130 million CFA) (#717).

📋 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

Cote d'Ivoire: Coopération sino-ivoirienne: La chine octroie 26 milliards de FCFA à la Côte d'Ivoire 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.