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Overview

Chinese Government provides RMB 80 million interest-free loan — via ETCA — for unspecified purposes (linked to Record ID#32021)

Commitments (Constant USD, 2023)$22,447,552
Commitment Year•2001Country of Activity•CambodiaDirect Recipient Country of Incorporation•CambodiaSector•Unallocated/unspecifiedFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Dec 24, 2001
Start (planned)
Jan 1, 2002
End (planned)
Dec 31, 2006
First repayment
Dec 30, 2010
Last repayment
Dec 27, 2020

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Ultimate beneficial owners

At least 25% host country ownership

Funding agencies

Government Agencies

  • China Ministry of Commerce

Receiving agencies

Government Agencies

  • Government of Cambodia

Implementing agencies

Government Agencies

  • Government of Cambodia

Loan desecription

Chinese Government provides RMB 80 million interest-free loan — via ETCA — for unspecified purposes (linked to Record ID#32021)

Grace period•10 yearsGrant element•75.0516%Interest rate (t₀)•0%Interest type•Fixed Interest RateMaturity•20 years

Narrative

Full Description

Project narrative

On December 24, 2001, the Chinese Government and the Government of Cambodia signed an Economic and Technical Cooperation Agreement (ETCA), which committed an RMB 80 million interest-free loan for unspecified purposes (over a period of five years from January 1, 2002, to December 31, 2006). The Chinese Ambassador to Cambodia Ning Fukui and Cambodian Foreign Minister Hor Namhong inked the agreement at the Ministry of Foreign Affairs and International Cooperation. RMB 24 million of the loan proceeds were eventually allocated to a road resurfacing project (captured in linked Record ID#32021).

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.