MOFCOM provides RMB 50 million interest-free loan in July 2007 for unspecified purposes

¥50M RMB

Funder	China Ministry of Commerce
Recipient Organization	Government of Cameroon
Country	Cameroon
Start Date	Jul 01, 2007
End Date	Apr 27, 2030
Duration	8,336 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`91930`

Grant Description

MOFCOM provides RMB 50 million interest-free loan in July 2007 for unspecified purposes On July 1, 2007, 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

📅 Maturity27 years

⏳ Grace Period18 years

💹 Interest Rate0%

As of December 31, 2020, the loan had achieved a 100% disbursement rate.

📚 Sources & References

China Loans to Africa
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.