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Overview

Chinese Government provides RMB 50 million interest-free loan for provision of solar energy materials, school and hospital materials, and anti-malarial drugs

Commitments (Constant USD, 2023)$8,790,215
Commitment Year•2011Country of Activity•MauritaniaDirect Recipient Country of Incorporation•MauritaniaSector•Other MultisectorFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Apr 12, 2011
First repayment
Dec 29, 2020
Last repayment
Dec 27, 2030

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 Mauritania

Loan desecription

Chinese Government provides RMB 50 million interest-free loan for provision of solar energy materials, school and hospital materials, and anti-malarial drugs

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

Narrative

Full Description

Project narrative

On April 12, 2011, the Chinese Government and the Government of Mauritania signed an Economic and Technical Cooperation Agreement (ETCA), which committed an RMB 50 million interest-free loan for the provision of solar energy materials, materials for two hospitals and a school, and anti-malarial drugs.

Staff comments

The French project title is Energie Solaire, Matériels Didactiques pour des Ecoles, Matériels Hôpital Médicament Antipaludisme. This loan does not appear to be included in the database of Chinese loan commitments that SAIS-CARI released in July 2020. 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.