Chinese Government extends the repayment period of an interest-free loan by 5 years

Funder	China Ministry of Commerce
Recipient Organization	Lebanese Council for Development and Reconstruction (CDR)
Country	Lebanon
Start Date	Mar 16, 2017
End Date	Feb 12, 2030
Duration	4,716 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`85218`

Grant Description

📋 Loan / Grant Terms

💰 Loan Amountby 5 years

The specific interest-free loan associated with this debt restructuring is unknown.

📋 Staff Comments

As China's Ministry of Commerce (MOFCOM) is responsible for the vast majority of China's interest-free loans, AidData has assumed that it was the Chinese Government institution that provided the original loan and thus was responsible for its later restructure.

📚 Sources & References

Signature with the Chinese government 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.