Project ID: 30480

Chinese Government commits RMB 100 million interest-free loan — through ETCA — for unspecified projects (Linked to Project ID#30476)

Commitment amount

$ 16520993.81

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

Burundi

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

2011

Description

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

4

Number of unofficial sources

1

Download the dataset

Details

Cofinanced

No

Receiving agencies [Type]

Government of Burundi [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