Active Development AidData Chinese Aid

China provides Bolivia 4.5 million USD line of credit in Economic and Technical Cooperation Agreement January 2011 (Linked to Record ID#39441)

$4.5M USD

Funder	China Ministry of Commerce
Recipient Organization	Government of Bolivia
Country	Bolivia
Start Date	Jan 04, 2011
End Date	Jul 02, 2033
Duration	8,215 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`70837`

Grant Description

China provides Bolivia 4.5 million USD line of credit in Economic and Technical Cooperation Agreement January 2011 On January 4, 2011, the People's Republic of China and the Plurinational Government of Bolvia signed two Economic and Technical Cooperation Agreements (ETCA).

This project accounts for the second of the two, in which the Chinese government committed to provide Bolivia an interest-free line of credit for 4.5 million USD.

The funds were intended to be put towards "social benefit programs," though particular projects were not specified at the time the agreement was signed. The projects ultimately funded are unknown.

📋 Staff Comments

Cooperation agreements are coded as Umbrella Projects. Sources for specific amounts and flow type are both blog posts. 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

Bolivia y China concertan cooperación para el desarrollo
Bolivia y China concertan cooperación para el desarrollo
中国和玻利维亚签署政府经济技术合作协定 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 Bolivia

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