Overview

China extends repayment period of 50 million RMB interest-free loan for Bangladesh (Linked to Record ID#34024)

Commitment Year•2009Country of Activity•BangladeshDirect Recipient Country of Incorporation•BangladeshSector•Action Relating To DebtFlow Type•Debt rescheduling

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Jul 29, 2009

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Funding agencies

Government Agencies

Unspecified Chinese Government Institution

Receiving agencies

Government Agencies

Government of Bangladesh

Loan description

China extends repayment period of 50 million RMB interest-free loan for Bangladesh (Linked to Record ID#34024)

Interest rate (t₀)•0%Interest type•Fixed Interest Rate

Narrative

Full Description

Project narrative

On April 24, 2006, the Chinese Government signed an exchange of letters providing an RMB 50 million interest-free loan to the Government of Bangladesh (as captured via Record ID#34024). There is no evidence that this loan was ever drawn down. Then, between July 28, 2009 and July 29, 2009 during the 12th Joint Commission (JC) between Bangladesh and China in Beijing, the Chinese Government agreed to extend the term of the unutilized RMB 50 million RMB interest-free loan by five years. The loan's original maturity is unknown.

Staff comments

1. This debt rescheduling record is separate from Record ID#34163 which captures debt relief under an unspecified set of loan agreements.