Chinese Government provides RMB 100 million interest-free loan — via ETCA — for unspecified purposes
Pledged amount
$ 18611390.211077746
Adjusted pledged amount
$ 18611390.211077746
Constant 2021 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.
Summary
Funding agency [Type]
China Ministry of Commerce [Government Agency]
Recipient
Ethiopia
Sector
Unallocated/unspecified (Code: 998)
Flow type
Loan
Level of public liability
Central government debt
Infrastructure
No
Category
Project lifecycle
Description
On January 22, 2012, the Chinese Government and the Government of Ethiopia signed a framework agreement for an RMB 100 million interest-free loan. Then, on January 28, 2022, the Chinese Government and the Government of Ethiopia signed an Economic and Technical Cooperation Agreement (ETCA), which committed an RMB 100 million (ETB 273,159,722) interest-free loan and an RMB 100 million (ETB 273,159,722) grant to the Government of Ethiopia for unspecified purposes. The borrowing terms of the loan are as follows: 20-year maturity, 10-year grace period, and 0% interest rate. According to the Government of Ethiopia’s Aid Management Platform (AMP), neither the loan nor the grant had disbursed as of April 2022.
Additional details
1. The AMP system identification number for the loan is 87143124101636. 2. The AMP system identification number for the grant is 87143124101635.
Number of official sources
2
Number of total sources
3
Details
Cofinanced
No
Direct receiving agencies [Type]
Government of Ethiopia [Government Agency]
Loan Details
Maturity
20 years
Interest rate
0.0%
Grace period
10 years
Grant element (OECD Grant-Equiv)
71.6021%