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