Chinese Government reschedules a 2003 interest-free loan to Cuba by postponing payment for 10 years (Linked to Project ID#88297)

On July 22, 2014, the Chinese Government and the Government of Cuba signed an exchange of letters in which the Chinese Government agreed to reschedule Cuba's payment on a 2003 interest-free loan loan by postponing the start of the loan's payment period by 10 years. The loan was originally provided, for unspecified purposes, under an Economic and Technical Cooperation Agreement (ETCA) signed on December 24, 2003 (captured via Project ID#88297). The monetary value and borrowing terms of the interest-free loan are unknown. The rescheduling agreement was signed by Gao Hucheng, Chinese Minister of Commerce, and Rodrigo Malmierca Díaz, Minister of Foreign Trade and Foreign Investment.

Additional details

1. As the original loan was made under an ETCA, which is a financing mechanism specific to China's Ministry of Commerce (MOFCOM), AidData has coded MOFCOM as the specific Chinese Government institution responsible for providing this interest-free loan.

Number of official sources

1

Number of total sources

9