Overview

Chinese Government provides $6 million interest-free loan for food security

Commitments (Constant USD, 2023)$7,716,831

Commitment Year•2010Country of Activity•EritreaDirect Recipient Country of Incorporation•EritreaSector•Developmental Food Aid/food Security AssistanceFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Sep 4, 2010

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 Eritrea

Implementing agencies

Government Agencies

Government of Eritrea

Loan description

Chinese Government provides $6 million interest-free loan for food security

Interest rate (t₀)•0%Interest type•Fixed Interest Rate

Narrative

Full Description

Project narrative

On September 4, 2010, the Chinese Government and the Government of Eritrea signed a $6 million interest-free loan agreement. The proceeds of the loan were earmarked for food security activities. Mr Berhane Abrehe, minister of finance, signed the agreement on the Eritrean government side, and deputy foreign minister, Zhai Jun, on the side of the government of the PRC. The implementation status of this loan is unknown