Project ID: 378

Chinese Government provides RMB 20 million interest-free loan for acquisition of office supplies and agricultural equipment (linked to #55607)

Commitment amount

$ 4777041.654

Constant 2017 USD

Summary

Funding agency [Type]

Unspecified Chinese Government Institution [Government Agency]

Recipient

Central African Republic

Sector

Government and civil society (Code: 150)

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

2004

Description

On March 11, 2004, the Chinese Government provided a RMB 20 million interest-free loan to the Government of the Central African Republic to facilitate its acquisition of office supplies and agricultural equipment. This loan carried the following terms: 20 year maturity, 10 year grace period, and 0% interest rate. It also provided an RMB 12 million general budget support grant to help it pay salary arrears owed to civil servants (captured in #55607).

Additional details

Some sources (including SAIS-CARI) suggest that the proceeds from this loan were used to pay civil servant salaries. However, AidData relies on an official source (AFDB), which reports that the Chinese Government provided an RMB 20 million interest free loan in 2004 for the acquisition of office supplies and agricultural equipment and a separate RMB 12 million general budget support grant in 2004 to help the government pay salary arrears to civil servants.

Number of official sources

3

Number of unofficial sources

6

Download the dataset

Details

Cofinanced

No

Receiving agencies [Type]

Government of the Central African Republic [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