Completed Development AidData Chinese Aid

Chinese Government provides interest-free loan for unspecified purposes (Linked to Record ID#54689)

Funder	China Ministry of Commerce
Recipient Organization	Government of Cuba
Country	Cuba
Start Date	Dec 24, 2003
End Date	Jan 27, 2032
Duration	10,261 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`88297`

Grant Description

Chinese Government provides interest-free loan for unspecified purposes On December 24, 2003, the Chinese Government and the Government of Cuba signed an Economic and Technical Cooperation Agreement (ETCA), in which the Chinese Government committed an interest-free loan to Cuba for unspecified purposes (captured via Record ID#88297).

📋 Loan / Grant Terms

💰 Loan Amountare unknown

Then, on July 22, 2014, the Chinese Government and the Government of Cuba signed an exchange of letters in which the Chinese Government agreed to reschedule Cuba's payment on the 2003 loan by postponing the start of the loan's payment period by 10-years (captured via Record ID#54689).

📋 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.
The project_status field has been set to Completion because it is clear that the loan disbursed (as the Government of Cuba later secured a rescheduling of the loan).

📚 Sources & References

China and Cuba sign cooperation agreement on economic and technological cooperation agreement
Cuba y China firman acuerdos de cooperación
中国与古巴两国双边关系
Intensifican cooperación Cuba y China
CUBA NACIONALES
Cuba y China llevan nexos bilaterales a nuevas alturas
Cuba y China fomentan agenda económica bilateral
Intensifican cooperación Cuba y China
Intensifican cooperación Cuba y China 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.