Narrative
Full Description
Project narrative
On 12/29/2009, the Chinese government signed a 50 million RMB interest-free loan under an Economic and Technical Cooperation Agreement (ETCA) for unspecified development purposes. This grant is part of a larger 105 million RMB set of three agreements between the two countries. #41183 captures a 50 million RMB grant also under an ETCA. Record ID#41186 captures a 5 million RMB grant for IDP relief in Saada province.
Staff comments
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.