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Active Development AidData Chinese Aid

Chinese Government provides $25 million loan for unspecified purposes

$2.42M USD

Funder Unspecified Chinese Government Institution
Recipient Organization Government of Guinea
Country Guinea
Start Date Jan 01, 2004
End Date Nov 10, 2027
Duration 8,714 days
Number of Grantees 1
Roles Recipient
Data Source AidData Chinese Aid
Grant ID 73869
Grant Description

Chinese Government provides $25 million loan for unspecified purposes In 2004, the Chinese Government signed a $25,000,000.00 loan agreement with the Republic of Guinea.

📋 Loan / Grant Terms
💰 Loan Amountwere as follows: a 5
⏳ Grace Period5.25 years
💹 Interest Rate3.16%

It is unclear whether or for what purpose(s) the loan proceeds were disbursed.

📋 Staff Comments

1. The face value and borrowing terms of the loan are drawn from the World Bank's Debtor Reporting System (DRS). See https://www.dropbox.com/s/jh3ypyfvbm2i7yh/Data_Extract_From_International_Debt_Statistics.xlsx?dl=0 and https://www.dropbox.com/s/949n5rctiue6d7c/IDS_Average_grace_period_and_maturity_on_new_external_debt_commitments.xlsx?dl=0 and https://www.dropbox.com/s/ab8qt4n6jijcbhd/IDS_Average%20interest%20on%20new%20external%20debt%20commitments.xlsx?dl=0

📚 Sources & References
  • ChinaLoansToAfrica©SAIS-CARI
  • Les relations entre la Guinée et la Chine: Commerce, investissement et aide
  • Debtor Reporting System (DRS)
  • IDS_Average_grace_period_and_maturity_on_new_external_debt_commitments
  • IDS_Average interest on new external debt commitments
  • China Loans to Africa 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 Guinea

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