Project ID: 30618

China provides 50 million RMB interest free loan (linked to #30613, #30225)

Commitment amount

$ 8260496.905

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]

Unspecified Chinese Government Institution [Government Agency]

Recipient

Mali

Sector

Other social infrastructure and services (Code: 160)

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 21, 2011, during a visit for the inauguration of a bridge built in Bamako, the Chinese Assistant Minister of Commerce Yu Jiahua signed an agreement with Mali's Minister of Foreign Affairs and International Cooperation Soumeylou Maiga Boubèye. One portion of the agreement was an interest-free loan worth 50 million RMB (approximately 3.6 billion CFA francs (XOF)). The total agreement was worth more than 54 billion CFA francs. The loan was projected to be used to finance projects identified by the Malian government to improve the population's living conditions.At the same time, the ministers signed two other agreements. The first was a grant agreement for development projects amounting to 70 million CNY (See Project #30613) and the second was a concessional loan for 619 million CNY for the construction of a hydroelectric plant (See Project #30225).

Number of official sources

0

Number of unofficial sources

1

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Details

Cofinanced

No

Receiving agencies [Type]

Government of Mali [Government Agency]

Loan type

Interest-Free

Interest rate

0.0%

Gurarantee provided

No

Insurance provided

No