Project ID: 1406

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

Commitment amount

$ 8260496.905

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.

Umbrella project

This project is classified as an "umbrella" project, and is connected to related projects.

Summary

Funding agency [Type]

Unspecified Chinese Government Institution [Government Agency]

Recipient

Lesotho

Sector

Unallocated/unspecified (Code: 998)

Flow type

Loan

Concessional

Yes

Category

Intent

Development (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

ODA-like (The next section lists the possible statuses.)

Official Development Assistance

Other Official Flows

Vague (Official Finance)

Flows categorized based on OECD-DAC guidelines

Project lifecycle

Status

Pipeline: Commitment (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment year

2011

Completion

2011

2011-12-20

Actual

Description

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 Project ID#1402).

Additional details

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.

Number of official sources

3

Number of unofficial sources

1

Download the dataset

Details

Cofinanced

No

Receiving agencies [Type]

Government of Lesotho [Government Agency]

Implementing agencies [Type]

Government of Lesotho [Government Agency]

Loan type

Interest-Free

Interest rate

0.0%

Gurarantee provided

No

Insurance provided

No