China signs an Economic and Technical Cooperation Agreement loaning 40 million RMB interest-free to Djibouti in February 2012 (Linked to #59271, #85281)
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]
Other multisector (Code: 430)
On 8 February 2012, Chinese Ambassador and the Djibouti Minister of Foreign Affairs signed an Economic and Technical Cooperation Agreement (ETCA) in which China loaned 40 million RMB interest-free to Djibouti. The known sub-projects are as follows: (1) $1.4 million USD for the El Hadj Hassan Gouled Aptidon Stadium Rehabilitation Project (#59271) and (2) 66 million RMB (about $10.7 million USD) for the School of Excellence Project (#85281) (See: 中吉两国政府签署经济技术合作协定). Both of these projects have been completed. It is unknown if other projects were funded through this ETCA.
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 Djibouti [Government Agency]