Chinese Government provides a $3 million USD interest-free loan for unspecified purposes
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)
In 2000, the Chinese Government and the Government of Tunisia signed a $3 million USD interest-free loan agreement for unspecified purposes (see 'ChinaLoansToAfrica©SAIS-CARI.csv'). The provision of the loan was announced in February 2000 during a visit of Chinese Minister of Foreign Affairs Tang Jiaxuan (see 'China offers Tunisia loan, grant.').
It is very likely provided that this loan was provided through an Economic and Technical Cooperation Agreement (ETCA), meaning the funding agency was the Chinese Ministry of Commerce (MOFCOM), so AidData has been coded accordingly. 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 Tunisia [Government Agency]