Chinese Government commits $9.4 million interest-free loan — through ETCA — for unspecified infrastructure projects (Linked to Project ID#30381)

On September 22, 2012, the Government of Mozambique and the Chinese Government signed two Economic and Technical Cooperation Agreements (ETCA) worth approximately $23.7 million for an unspecified set of infrastructure projects. One of the agreements was for a monetary grant worth approximately $14.3 million USD and the other was for an interest-free loan worth approximately $9.4 million. Project ID#30381 captures the grant commitment and Project ID #30379 captures the interest-free loan agreement. Victor Borges, Mozambqiue’s Minister of Fisheries, and Li Rongcan, China’s Assistant Minister of Commerce, signed the agreements.

Additional details

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

0

Number of unofficial sources

4