China issuesa 30 million yuan loan at zero interest to Namibia
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]
Unspecified Chinese Government Institution [Government Agency]
General budget support (Code: 510)
In November of 2003, China's ambassador to Namibia announced that his government would give the African country a 30 million Yuan loan at zero interest in order to enhance cooperation between the two countries and help Namibia with development programs. A diplomat outlined that the funds were meant for the purchase of general goods. Calle Schlettwein, Permanent Secretary in the Namibian Ministry of Finance, was involved with the negotiation of terms. It is unclear exactly what the funds were used to purchase, but the project appears to be untied.
Number of official sources
Number of unofficial sources
Receiving agencies [Type]
Government of Namibia [Government Agency]