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

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.

Additional details

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.

Number of official sources

2

Number of total sources

5