Project ID: 2085

Chinese Government provides RMB 30 million interest-free loan through an ETCA for unspecified cultural, sports, agricultural, and health projects

Commitment amount

$ 5356553.432

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]

China Ministry of Commerce [Government Agency]

Recipient

Senegal

Sector

Other multisector (Code: 430)

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

2010

Completion

2010

2010-01-01

Actual

Description

In January 2010, the Chinese Government and the Government of Senegal signed an Economic and Technical Cooperation Agreement (ETCA) and China, which committed an RMB 30 million interest-free loan for an unspecified set of projects related to cultural, sports, agricultural, and health. The loan carried the following terms: 0% interest rate, 15 year grace period, and 25-year maturity. The loan repayment period is December 1, 2024 and November 30, 2034. The ETCA was signed by the Senegalese Minister for International Cooperation, Karim Wade, and Chinese Ambassador to Senegal, Gong Yanxing.

Additional details

This project may be linked to Project ID#1946, which was a 2009 agreement between Senegal and China to 'provide Senegal with $11.5 million USD in aid for sports, cultural, and sanitation projects.' However, the link between these projects is unconfirmed.

Number of official sources

1

Number of unofficial sources

2

Download the dataset

Details

Cofinanced

No

Receiving agencies [Type]

Government of Senegal [Government Agency]

Loan type

Interest-Free

Maturity

25 years

Interest rate

0.0%

Grace period

15 years

Grant element

84.50900495%

Gurarantee provided

No

Insurance provided

No