China provided 30 million RMB intrest-free loan for development projects (Linked to Project ID #30552)
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]
Other multisector (Code: 430)
On April 18, 2011, China agreed to provide 80 million CNY in loans and grants to Ethiopia, specifically 50 million RMB in grants and 30 million RMB in interest-free loan. This 30 million yuan loan had a 10 year grace period and a maturity period of 20 years (see 'Public Sector Debt' Table 11). The deal was signed in the Ethiopian capital between China's Vice Minister of Commerce Fu Ziying and Ahmed Shide, Ethiopia's state minister for finance and economic development. The money is designated for five projects: feasibility study for hydroelectric dams, potable water project, bio-gas energy, solar energy, and a malaria prevention program. The grant component of the project can be found under Project #30552.According to a Ethiopian Ministry of Finance source however, the agreement was signed on Dec 5, 2011.
Number of official sources
Number of unofficial sources
Receiving agencies [Type]
Government of Ethiopia [Government Agency]