Chinese Government provides a RMB 30 million interest-free loan - via a December 2010 ETCA - for unspecified purposes

¥30M RMB

Funder	China Ministry of Commerce
Recipient Organization	Government of Cuba
Country	Cuba
Start Date	Dec 21, 2010
End Date	Dec 17, 2031
Duration	7,666 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`88300`

Grant Description

Chinese Government provides a RMB 30 million interest-free loan - via a December 2010 ETCA - for unspecified purposes On December 21, 2010, during the 23rd Session of the Intergovernmental Commission between Cuba and China, the Chinese Government and the Government of Cuba signed an Economic and Technical Cooperation Agreement (ETCA) in which the Chinese Government provided a RMB 30 million interest-free loan to Cuba for unspecified purposes.

Additional details are unknown.

📋 Staff Comments

As this was 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.

📚 Sources & References

Cuba to Restructure its External Debt with China
Cuba and China Renegotiate Debt
Cuba and China renegotiate debt
Cuba-China Rearranged Trade Ties 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.