Project ID: 588

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

Commitment amount

$ 7251798.932999999

Constant 2017 USD

Summary

Funding agency [Type]

China Ministry of Commerce [Government Agency]

Recipient

Eritrea

Sector

Developmental food aid/food security assistance (Code: 520)

Flow type

Loan

Concessional

Yes

Category

Intent

Development (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

ODA-like (The next section lists the possible statuses.)

Official Development Assistance

Other Official Flows

Vague (Official Finance)

Flows categorized based on OECD-DAC guidelines

Project lifecycle

Status

Pipeline: Commitment (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment year

2010

Description

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 (see: 'Eritrea and PRC conclude loan and cooperation agreement'). The implementation status of this loan is unknown

Number of official sources

2

Number of unofficial sources

4

Download the dataset

Details

Cofinanced

No

Receiving agencies [Type]

Government of Eritrea [Government Agency]

Implementing agencies [Type]

Government of Eritrea [Government Agency]

Loan type

Interest-Free

Interest rate

0.0%

Gurarantee provided

No

Insurance provided

No