Project ID: 30373

Chinese Government provides $131 million interest-free loan — through ETCA — for unspecified purposes (Linked to Project ID#30372)

Commitment amount

$ 127287705.0

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

Mauritania

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

2013

Description

On January 8, 2013, the Chinese government committed to an interest-free loan of 131 million USD to the government of Mauritania. The exact use of the funding is unclear. This grant was committed at the same meeting as a 129 million USD grant (see project #30372).According to the Chinese Embassy source, the funds will be used to benefit the Mauritanian people in the production and service areas.

Additional details

Accords de coopération économique et technique with attached grants and loans were signed in both January (#30372 and #30373) and December (#56813 and #56833) of 2013. 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

1

Number of unofficial sources

6

Download the dataset

Details

Cofinanced

No

Receiving agencies [Type]

Government of Mauritania [Government Agency]

Loan type

Interest-Free

Maturity

20 years

Interest rate

0.0%

Grace period

10 years

Grant element

75.05159755%

Gurarantee provided

No

Insurance provided

No