Chinese Government provides $3 million interest-free loan — via ETCA — for unspecified development projects
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]
Unallocated/unspecified (Code: 998)
On March 24, 2000, the Chinese Government and the Government of Morocco signed an Economic and Technical Cooperation Agreement (ETCA), which committed a $3 million (MAD 30 million) interest-free loan to an unspecified set of economic development projects in Morocco. The Moroccan Secretary of State [to the Minister of State for Foreign Affairs and Cooperation], Mrs. Aicha Benlarbi, and the Chinese Deputy Minister of Foreign Trade and Cooperation signed the agreement in Rabat, Morocco. The agreement was also signed in the presence of Minister of State for Foreign Affairs and Cooperation, Mohamed Benaissa, and Chinese State Councillor, Luo Gan. The borrower is responsible for repaying the loan over a period of 10 years. However, it is unclear if this 10 year period refers to the maturity length or the repayment period (after the expiration of a grace period).
A duplicate project (#55982) was deactivated and the sources were added to this project. 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 Morocco [Government Agency]