Overview

MOFCOM provides RMB 30 million interest-free loan to Ethiopia for unspecified purposes in September 2010

Commitments (Constant USD, 2023)$5,700,050

Commitment Year•2010Country of Activity•EthiopiaDirect Recipient Country of Incorporation•EthiopiaSector•Unallocated/unspecifiedFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Sep 1, 2010

First repayment (originally scheduled): Dec 30, 2019

Last repayment (originally scheduled): Aug 1, 2029

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Ultimate beneficial owners

At least 25% host country ownership

Funding agencies

Government Agencies

China Ministry of Commerce

Receiving agencies

Government Agencies

Government of Ethiopia

Loan description

MOFCOM provides RMB 30 million interest-free loan to Ethiopia for unspecified purposes in September 2010

Grace period•10 yearsGrant element•73.9544%Interest rate (t₀)•0%Interest type•Fixed Interest RateMaturity•18.93 years

Narrative

Full Description

Project narrative

On September 1, 2010, China's Ministry of Commerce (MOFCOM and the Government of Ethiopia signed an RMB 30 million loan agreement for unspecified purposes. The loan carried an 18.93 year maturity (final maturity date: August 1, 2029), a 10 year grace period, and a 0% interest rate.

Staff comments

1. The loan identification number in the Government of Ethiopia’s Debt Management and Financial Analysis System (DMFAS) is 20794000 and the corresponding project name in DMFAS is ‘CHINA GOV. LOAN No.2010/1’. See https://www.dropbox.com/scl/fi/je0aon75miofi6mt4q5q9/MOFED-Loan-Level-Data-on-Borrowing-Terms-and-Loan-Performance-September-2024_PUBLIC.xlsx?rlkey=murbb074v1px7g4njt0utzxnf&dl=0