Chinese Government commits RMB 100 million interest-free loan — through ETCA — for unspecified projects (Linked to Project ID#30476)
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 16, 2011 at the 11th Sino-Burundian Commission, the Chinese Government and the Government of Burundi signed an Economic and Technical Cooperation Agreement (ETCA) that committed an RMB 100 million interest-free loan for unspecified agriculture, energy and infrastructure projects. The Chinese Vice Minister for Commerce Gao Hucheng and the Burundian Minister of Foreign Affairs and International Cooperation Augustin Sanze were presented for the signing ceremony. The interest-free loan carries the following terms: 20 year maturity, 10 year period, and 0% interest. The loan is repayable over a period of ten years beginning in October 2021. A RMB 50 million grant agreement was also signed at the meeting (see Project ID#30476).
Number of official sources
Number of unofficial sources
Receiving agencies [Type]
Government of Burundi [Government Agency]