China signs Economic and Technical Cooperation Agreement loaning $5 million USD interest-free to Liberia (Linked to #1589)
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 January 16, 2006, China's Foreign Minister Li Zhaoxing and Liberia's Vice-President Joseph Boakai signed two economic and technical cooperation agreements. One of these ETCAs loaned $5 million USD interest-free to Liberia in which disbursements began 1 February 2006 and repayments would begin in 2021. Another international media report confirmed that this money was earmarked for the Samuel Kanyon Doe Sports Complex (#1589) and other unspecified projects.
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 Liberia [Government Agency]