Project ID: 32025

Chinese Government provides RMB 80 million interest-free loan — via ETCA — for unspecified purposes (linked to #32021)

Commitment amount

$ 21094817.83

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

Cambodia

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

2001

2002-01-01

Planned implementation start

2006-12-31

Planned completion

Description

On December 24, 2001, the Chinese Government and the Government of Cambodia signed an Economic and Technical Cooperation Agreement (ETCA), which committed an RMB 80 million interest-free loan for unspecified purposes (over a period of five years from January 1, 2002, to December 31, 2006). The Chinese Ambassador to Cambodia Ning Fukui and Cambodian Foreign Minister Hor Namhong inked the agreement at the Ministry of Foreign Affairs and International Cooperation.RMB 24 million of the loan proceeds were eventually allocated to a road resurfacing project (captured in linked Project ID#32021).

Additional details

Since loan terms for the interest-free loan are unavailable, AidData has set maturity period to 20 years by default and grace period to 10 years by default per China's Foreign Assistance White Paper (http://www.cidca.gov.cn/2018-08/06/c_129925064_3.htm) which states that the maturity period of interest-free loans is 20 years, with a drawdown period of 5 years, grace period of 5 years, and repayment over 10 years. AidData treats the drawdown period as providing 5 years of additional grace.

Number of official sources

2

Number of unofficial sources

5

Download the dataset

Details

Cofinanced

No

Receiving agencies [Type]

Government of Cambodia [Government Agency]

Implementing agencies [Type]

Government of Cambodia [Government Agency]

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