Chinese Government provides RMB 200 million interest-free loan — via ETCA — for unspecified purposes (Linked to Project ID#33811)

In September 2013, China agreed to grant Laos 300 million RMB ($49 million) and provide a 200 million RMB ($32.6 million) interest-free loan, according to news reports ('China gives Laos $81m in aid, loans'). The agreement was signed by Lao Prime Minister Thongsing Thamavong and his Chinese counterpart Li Keqiang. This project captures the 200 million RMB interest-free loan. This project is linked to #33811, the RMB 300 million grant.It is likely that this interest-free loan and the grant captured in #33811 are part of an economic and technical cooperation agreement, but no official source confirms this information.

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

0

Number of unofficial sources

4