Chinese Government provides $6 million interest-free loan — via ETCA — for unspecified purposes
Commitment amount
$ 13016790.73
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
Algeria
Sector
Unallocated/unspecified (Code: 998)
Flow type
Loan
Concessional
Yes
Category
Project lifecycle
Description
On August 26, 2002, during Chinese Prime Minister Zhou Rongji's state visit to Algeria, the Chinese and Algerian governments signed an Economic and Technical Cooperation Agreement (ETCA), which committed a $6 million interest-free loan for unspecified purposes (中华人民共和国政府和阿尔及利亚民主人民共和国政府经济技术合作协定). The loan carried a maturity of 25 years.
Number of official sources
1
Number of unofficial sources
5
Details
Cofinanced
No
Receiving agencies [Type]
Government of Algeria [Government Agency]
Implementing agencies [Type]
Government of Algeria [Government Agency]
Loan type
Interest-Free
Maturity
25 years
Interest rate
0.0%
Grant element
61.5742747%
Gurarantee provided
No
Insurance provided
No