Kenya signs Economic and Technical Cooperation Agreement loaning 480 million Ksh interest-free to Kenya in July 2010 (Linked to ETCA #44545)
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)
On July 12, 2010, a Chinese government official signed two economic and technical cooperation agreements (ETCA) with a total value of 960 million Ksh. This amount is split equally in the form of interest-free loans and grants. This project captures the ETCA interest-free loan agreement equal to 480 million Ksh for unspecified development projects. The sub-projects are unknown. ETCA #44545 captures the grant portion equal to 480 million Ksh.
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]