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

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