Chinese Government provides RMB 30 million interest-free loan — via ETCA — in August 2011 for unspecified purposes (Linked to Project ID#71579)
Commitment amount
$ 5707490.279653191
Adjusted commitment amount
$ 5707490.28
Constant 2021 USD
Summary
Funding agency [Type]
China Ministry of Commerce [Government Agency]
Recipient
Bolivia
Sector
Unallocated/unspecified (Code: 998)
Flow type
Loan
Level of public liability
Central government debt
Infrastructure
No
Category
Project lifecycle
Description
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.
Additional details
1. Another ETCA, which provided grant funding, was signed on or around the same date (as captured via Project ID#71579). 2. The Government of Bolivia loan identification number is LOAN A/C 2011/1.
Number of official sources
13
Number of total sources
14
Details
Cofinanced
No
Direct receiving agencies [Type]
Government of Bolivia [Government Agency]
Loan Details
Maturity
20 years
Interest rate
0.0%
Grace period
10 years
Grant element (OECD Grant-Equiv)
62.9902%