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Chinese Government provides Government of Suriname 3 million RMB interest-free loan through November 2013 ETCA
| Funder | China Ministry of Commerce |
|---|---|
| Recipient Organization | Government of Suriname |
| Country | Suriname |
| Start Date | Nov 11, 2013 |
| End Date | Feb 08, 2032 |
| Duration | 6,663 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 86913 |
Grant Description
Chinese Government provides Government of Suriname 3 million RMB interest-free loan through November 2013 ETCA On November 11, 2013, representatives of the Governments of China and Suriname signed and Economic and Technical Cooperation Agreement (ETCA) that provided a 3 million RMB interest-free loan to the Government of Suriname.
The repayment and grace periods of the loan are unknown. This loan would provide additional funding for Suriname's agricultural sector.
Staff Comments
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
- Lijst van Bilaterale Overeenkomsten
- Suriname en China tekenen economische overeenkomst
- 中国和苏里南签署《中华人民共和国政府和苏里南共和国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 Suriname
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