Skip to content
AidData logo

Overview

MOFCOM provides RMB 100 million interest-free loan — via ETCA — for unspecified purposes

Commitments (Constant USD, 2023)$17,580,429
Commitment Year•2011Country of Activity•CameroonDirect Recipient Country of Incorporation•CameroonSector•Unallocated/unspecifiedFlow Type•Loan

Status

Project lifecycle

Implementation

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Jul 20, 2011
First repayment
Jul 17, 2022
Last repayment
Jul 15, 2031

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 Cameroon

Implementing agencies

State-owned Policy Banks

  • China Development Bank (CDB)

Loan desecription

MOFCOM provides RMB 100 million interest-free loan — via ETCA — for unspecified purposes

Grace period•11 yearsGrant element•76.3894%Interest rate (t₀)•0%Interest type•Fixed Interest RateMaturity•20 years

Narrative

Full Description

Project narrative

On July 20, 2011, China's Ministry of Commerce (MOFCOM) and the Government of Cameroon signed an Economic and Technical Cooperation Agreement (ETCA), which committed an RMB 100 million interest-free loan for unspecified purposes. The borrowing terms of the loan were as follows: a 20 year maturity, an 11 year grace period, and a 0% interest rate. As of December 31, 2020, the loan had achieved a 37.2% disbursement rate (with an undisbursed balance of CFA 5.2 billion). The loan’s outstanding amount was equivalent to CFA 3.5 billion as of December 31, 2020.

Staff comments

1. The ETCA can be accessed in its entirety via Source ID#104968 and https://www.documentcloud.org/documents/20485643-cmr_2011_518. 2. MOFCOM is the funder but the interest-free proceeds were to be disbursed through a CDB account established with a host country bank.