Chinese Government provides $2.2 million interest-free loan for unspecified projects (Linked to Project ID #1218)
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.
This project is classified as an "umbrella" project, and is connected to related projects.
Funding agency [Type]
China Ministry of Commerce [Government Agency]
Unallocated/unspecified (Code: 998)
In June 2010, Mozambique’s Prime Minister, Aires Ali, and the Chinese Prime Minister, Wen Jiabao, signed grant and interest-free loan agreements on behalf of their respective governments. Project ID#1219 captures the $2.2 million interest-free loan agreement. Project ID#1218 captures the $4.9 million grant commitments. It is unclear how the proceeds from these grant and loan agreements were used.
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 Mozambique [Government Agency]