MOFCOM agrees to provide 70 million RMB interest-free loan to Government of Cameroon via ETCA (linked to #30885)
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 June 11, 2013, China's Ministry of Commerce and the Government of Cameroon signed an Economic and Technical Cooperation Agreement (ETCA) in which the Chinese Government agreed to provide Cameroon an interest-free loan worth 70 million RMB in order to boost development in unidentified sectors. The current status of this project is unknown.Other agreements signed on June 11, 2013 are captured in linked umbrella ProjectID#30885.
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 Cameroon [Government Agency]