Project ID: 30849

China loans 150 million RMB Interest Free for Economic Development to Benin

Commitment amount

$ 23704132.15

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

Benin

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

2013

Description

On November 15, 2013, the Chinese government granted Benin financial assistance of 200 million RMB (over 16 billion XOF) to finance projects of existing cooperation between the two countries. The financial assistance consists of an interest free loan of 150 million RMB (about 12.5 billion XOF) (ID# 30849) and a grant of 50 million RMB (4.16 billion XOF) (ID #30850).

Number of official sources

1

Number of unofficial sources

1

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Details

Cofinanced

No

Receiving agencies [Type]

Government of Benin [Government Agency]

Loan type

Interest-Free

Interest rate

0.0%

Gurarantee provided

No

Insurance provided

No