Project ID: 458

China signs interest-free loan agreement of 500 million RMB

Commitment amount

$ 89275890.54

Constant 2017 USD

Not recommended for aggregates

This project is not recommended for use in creating aggregated sums. See the documentation for more information about this criteria.

Umbrella project

This project is classified as an "umbrella" project, and is connected to related projects.

Summary

Funding agency [Type]

Unspecified Chinese Government Institution [Government Agency]

Recipient

Congo

Sector

Other multisector (Code: 430)

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

2010

Description

On December 21, 2010, Chinese Ambassador to Congo Li Shuli and Congolese Minister of Finance Gilbert Ondongo signed a 500 million CNY interest-free loan agreement for developing medical care and agriculture as part of a larger economic and technical cooperation agreement. The loan is to be repaid by the Congolese government in a 10-year period from July 1, 2020 to June 30, 2030. The projects to be financed with this loan are to be agreed upon by both governments. The exact nature of these projects and their current status are yet unknown.

Number of official sources

0

Number of unofficial sources

2

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Details

Cofinanced

No

Receiving agencies [Type]

Government of Republic of Congo [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