MOFCOM provides RMB 100 million interest-free loan -- via ECTA -- for unspecified purposes
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
Cameroon
Sector
Unallocated/unspecified (Code: 998)
Flow type
Loan
Concessional
Yes
Category
Project lifecycle
Description
On July 20, 2011, China's Ministry of Commerce 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: 20 year maturity, 10 year grace period, 0% interest rate.
Additional details
1. The ETCA can be accessed in its entirety via SourceID#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.
Number of official sources
4
Number of unofficial sources
1
Details
Cofinanced
No
Receiving agencies [Type]
Government of Cameroon [Government Agency]
Implementing agencies [Type]
China Development Bank (CDB) [State-owned Policy Bank]
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