Active Development AidData Chinese Aid

Chinese Government provides an interest-free loan — via a February 2010 ETCA — for unspecified purposes (Linked to Record ID#71687)

Funder	China Ministry of Commerce
Recipient Organization	Government of Antigua and Barbuda
Country	Antigua and Barbuda
Start Date	Feb 26, 2010
End Date	Jul 21, 2031
Duration	7,815 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`71689`

Grant Description

Chinese Government provides an interest-free loan — via a February 2010 ETCA — for unspecified purposes On February 26, 2010, the Chinese Government and the Government of Antigua and Barbuda, as represented by Chinese Ambassador to Antigua and Barbuda Chen Ligang and Prime Minister of Antigua and Barbuda Baldwin Spencer, signed an Economic and Technical Cooperation Agreement (ETCA), in which the Chinese Government committed an interest-free loan to Antigua and Barbuda for unspecified purposes.

The Chinese Government and the Government of Antigua and Barbuda also signed an ETCA in which the Chinese Government committed a grant to Antigua and Barbuda (also captured by linked ID#71687). The monetary values of this interest-free loan and grant are unknown.

📋 Staff Comments

As this is an ETCA, which is a financing mechanism specific to China's Ministry of Commerce (MOFCOM), AidData has coded MOFCOM as the specific Chinese Government institution responsible for providing this interest-free loan. 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

中国安提瓜和巴布达两国政府签署援款协定
中、安巴两国政府签订援款协定 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.