Chinese Government restructures an interest-free loan by allowing for repayment with exportable commodities

Project narrative

On December 14, 2010, the Government of China and the Government of Tunisia signed an exchange of letters on the use of goods by Tunisia to repay interest-free loans owed to China. Under the terms of this agreement, the Chinese Government allowed the Tunisian Government to repay an interest-free loan that it previously contracted - and which had entered into the repayment period - with domestically produced exportable commodities.