China Eximbank provides RMB 172 government concessional loan for acquisition of scanning equipment for Ethiopian Revenue and Customs Authority

On January 11, 2010, Ethiopia and China signed a 172 million RMB (equivalent to 25.1 million USD) government concessional loan (GCL) agreement [CHINA EXIMBANK GCL No.2010 (28)] for the procurement of electrical inspecting systems scanning equipment for the Ethiopian Revenue and Customs Authority (see 'Ethiopia, China sign 25.1 million USD loan agreement'). According to the Economic and Commercial Counsellor's Office of the Embassy of the People's Republic of China in Ethiopia, Ambassador Gu Xiaojie signed the loan agreement on behalf of the China Eximbank (see '中埃首个优惠贷款合同签约'). The loan agreement was ratified by the Ethiopian Government in July 2010. The loan has an interest rate of 2%, an 8-year grace period, and a maturity of 20 years. The purpose of the equipment is to help the Ethiopian Revenue and Customs Authority scan imported containers and vehicles. Nuctech was the contractor. The project entered implementation in 2011 when equipment deliveries began taking place.

Additional details

The database of Chinese loan commitments that SAIS-CARI released in July 2020 omits the terms (interest rate, grace period, maturity) of this loan. AidData relies on the lending terms that are reported in the Ethiopian Ministry of Finance and Economic Development's Public Sector Debt Statistical Bulletin No. 5.

Number of official sources

4

Number of unofficial sources

10