Project ID: 33399

Chinese Government provides RMB 50 million interest-free loan — via ETCA — for unspecified purposes (linked to #32066, #32079)

Commitment amount

$ 13105353.05

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

2002

Description

On November 4, 2002, China signed an agreement to provide 50 million CNY in interest-free loans to Cambodia. Initially, China pledged to provide interest-free loans worth 103 million CNY, but instead offered 50 million CNY in interest-free loans as well as 50 million CNY in grant aid (project ID #32079). The agreements came part of the Agreement on Economic and Technical Cooperation between the Government of the People's Republic of China and the Royal Government of Cambodia.The agreement was signed by Chinese Premier Zhu Rongji and by Cambodian Prime Minister Hun Sen on 4 November 2002, along with other agreements (See Project ID#32066)

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

2

Download the dataset

Details

Cofinanced

No

Receiving 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