Project ID: 2253

China agrees to provide concessional loan to Sierra Leone through ETCA for development purpose

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

Sierra Leone

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

2008

Description

In January 2008, the Chinese Ambassador to Sierra Leone signed an Economic and Technical Cooperation Agreement (ETCA) with Sierra Leone's Minister of Foreign Affairs and International Cooperation to provide an unspecified amount of concessional loan. The loan, with zero interest, is aimed at reconstructing Sierra Leone's economy. The exact use of the ETCA is unclear.

Number of official sources

1

Number of unofficial sources

1

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Details

Cofinanced

No

Implementing agencies [Type]

Chinese Embassy [Government Agency]; Government of Sierra Leone [Government Agency]; Sierra Leone Ministry of Foreign Affairs and International Cooperation [Government Agency]

Loan type

Interest-Free

Interest rate

0.0%

Gurarantee provided

No

Insurance provided

No