MOFCOM provides RMB 50 million interest-free loan in November 2009 for unspecified purposes

¥50M RMB

Funder	China Ministry of Commerce
Recipient Organization	Government of Cameroon
Country	Cameroon
Start Date	Nov 05, 2009
End Date	Jun 13, 2026
Duration	6,064 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`91928`

Grant Description

MOFCOM provides RMB 50 million interest-free loan in November 2009 for unspecified purposes On November 5, 2009, China's Ministry of Commerce (MOFCOM) and the Government of Cameroon signed an Economic and Technical Cooperation Agreement (ETCA), which committed an RMB 50 million loan for unspecified purposes.

📋 Loan / Grant Terms

💰 Loan Amountcarried the following borrowing terms: a 0% interest rate

📅 Maturity19 years

⏳ Grace Period10 years

💹 Interest Rate0%

As of December 31, 2020, the loan had achieved a 46.4% disbursement rate.

📋 Staff Comments

1. This loan is not included in the Chinese Loans to Africa Database developed by SAIS-CARI and maintained by the Global Development Policy Center at Boston University.

📚 Sources & References

Government of Cameroon 2020 Register of Chinese Loans and Borrowing Terms 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.