Overview

Chinese Government provides RMB 30 million interest-free loan — via ETCA — in August 2011 for unspecified purposes (Linked to Record ID#71579)

Commitments (Constant USD, 2023)$5,274,129

Commitment Year•2011Country of Activity•BoliviaDirect Recipient Country of Incorporation•BoliviaSector•Unallocated/unspecifiedFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Aug 12, 2011

First repayment (originally scheduled): Aug 9, 2021

Last repayment (originally scheduled): Aug 7, 2031

Stakeholders

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

Ultimate beneficial owners

At least 25% host country ownership

Funding agencies

Government Agencies

China Ministry of Commerce

Receiving agencies

Government Agencies

Government of Bolivia

Loan description

Chinese Government provides RMB 30 million interest-free loan — via ETCA — in August 2011 for unspecified purposes

Grace period•10 yearsGrant element•75.0516%Interest rate (t₀)•0%Interest type•Fixed Interest RateMaturity•20 years

Narrative

Full Description

Project narrative

On August 12, 2011, during Bolivian President Evo Morales’ visit to China, the Chinese Government and the Government of Bolivia signed an Economic and Technical Cooperation Agreement (ETCA), which committed an RMB 30 million interest-free loan for unspecified purposes. The loan carried a 20-year maturity and a 10-year grace period. The lender made disbursements worth $4,629,130 in 2015. The loan’s (principal) amount outstanding was $4,622,496 as of December 31, 2015.

Staff comments

1. Another ETCA, which provided grant funding, was signed on or around the same date (as captured via Record ID#71579). 2. The Government of Bolivia loan identification number is LOAN A/C 2011/1.