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Overview

Chinese Government provides RMB 50 million interest-free loan — via ETCA — for unspecified purposes

Commitments (Constant USD, 2023)$8,790,215
Commitment Year•2011Country of Activity•LesothoDirect Recipient Country of Incorporation•LesothoSector•Unallocated/unspecifiedFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Dec 20, 2011
Start (actual)
Dec 20, 2011
End (actual)
Dec 20, 2011

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Ultimate beneficial owners

At least 25% host country ownership

Funding agencies

Government Agencies

  • Unspecified Chinese Government Institution

Receiving agencies

Government Agencies

  • Government of Lesotho

Implementing agencies

Government Agencies

  • Government of Lesotho

Loan desecription

Chinese Government provides RMB 50 million interest-free loan — via ETCA — for unspecified purposes

Interest rate (t₀)•0%Interest type•Fixed Interest Rate

Narrative

Full Description

Project narrative

On December 20, 2011, the Chinese Government and the Government of Lesotho signed an Economic and Technical Cooperation Agreement (ETCA), which committed an RMB 50 million interest-free loan for unspecified purposes. The two governments also signed another ETCA that committed RMB 50 million of grant funding (captured in Record ID#1402).

Staff comments

The following articles could not be found on Wayback Machine, Factiva, or Google: 'Lesotho, China sign US$10 million financial agreements' from APA News, and 'Lesotho, China Sign Financial Agreements' from the Government of Lesotho.