China signs Economic and Technical Cooperation Agreement loaning 30 million RMB interest-free to Benin in December 2006
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 December 21, 2006, China and Benin signed an Economic and Technical Cooperation Agreement (ETCA) for an interest-free loan to the African country worth 30 million yuan (2.9 million euros, 3.8 million dollars). It is unclear how the funds were used. This project is affiliated with the Chinese writing off a sum of Benin's debt and another aid package to improve administration and transport infrastructure (see Projects #24 and #28).
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 Benin [Government Agency]