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Active Development AidData Chinese Aid

Chinese Government provides $18.3 million loan for unspecified purposes

$18.31M USD

Funder Unspecified Chinese Government Institution
Recipient Organization Government of Guinea
Country Guinea
Start Date Jan 01, 2005
End Date Jun 08, 2032
Duration 10,020 days
Number of Grantees 1
Roles Recipient
Data Source AidData Chinese Aid
Grant ID 73870
Grant Description

Chinese Government provides $18.3 million loan for unspecified purposes In 2005, the Chinese Government signed a $18,307,500 loan agreement with the Republic of Guinea.

📋 Loan / Grant Terms
💰 Loan Amountincluded a 5 year grace period
📅 Maturity17 years
⏳ Grace Period5 years
💹 Interest Rate6.6005%

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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