China provides 50 million RMB interest-free loan to Kenya for resettlement of refugees (linked to #19014)
Constant 2017 USD
Not recommended for aggregates
This project is not recommended for use in creating aggregated sums. See the documentation for more information about this criteria.
Funding agency [Type]
China Ministry of Commerce [Government Agency]
Emergency response (Code: 720)
On May 15, 2008, the Chinese Government offered Kenya an interest-free loan of 50 million yuan to help resettle hundreds of thousands of villagers uprooted by political turmoil following Kenyan elections. The project is linked to a 200 million shillings grant of the same nature (Project #19014).
Status is coded as Pipeline: Pledge as the loan is excluded from the Government of Kenya's debt register. 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.
Number of official sources
Number of unofficial sources
Receiving agencies [Type]
Government of Kenya [Government Agency]