Project ID: 30257

China provides 26 billion UGX interest free loan to Uganda

Commitment amount

$ 10579780.41

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

Uganda

Sector

Unallocated/unspecified (Code: 998)

Flow type

Loan

Concessional

Yes

Category

Intent

Development (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

ODA-like (The next section lists the possible statuses.)

Official Development Assistance

Other Official Flows

Vague (Official Finance)

Flows categorized based on OECD-DAC guidelines

Project lifecycle

Status

Pipeline: Commitment (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment year

2012

Description

In 2012, the Chinese government signed an agreement with Uganda for a 26 billion UGX interest-free loan for implementing unidentified development programs. The loan has a maturity period of 10 years. The loan agreement was signed by the Chinese ambassador to Uganda, Zhao Yali, and the Ugandan Minister of Finance, Planning, and Economic Development, Fred Jachan Omach. A 20 billion UGX grant was signed at the same time (ID#30256). The current status and the specific use(s) of the loan are unknown.

Additional details

This interest free loan commitment was almost certainly made through an Economic and Technical Cooperation Agreement (ETCA) so we have identified it as an 'umbrella' project.

Number of official sources

0

Number of unofficial sources

3

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Details

Cofinanced

No

Receiving agencies [Type]

Uganda Ministry of Finance [Government Agency]

Implementing agencies [Type]

Government of Uganda [Government Agency]

Loan type

Interest-Free

Maturity

10 years

Interest rate

0.0%

Grant element

35.29026927%

Gurarantee provided

No

Insurance provided

No