Chinese Government provides RMB 50 million interest-free loan — via ETCA — for unspecified purposes

On July 18, 2011, the Chinese Government and the Government of Kenya signed an Economic and Technical Cooperation Agreement (ECTA), which committed an RMB 50 million interest-free loan for unspecified purposes. The loan carries the following borrowing terms: a 10.5-year grace period, a 20.5-year maturity, and a 0% interest rate. The loan was scheduled for repayment in semi-annual installments commencing on April 1, 2021 and ending on April 1, 2031. However, there is no evidence of the borrower making any repayments in 2021 or 2022. The loan’s amount outstanding was RMB 50 million as of June 30, 2020, RMB 50 million as of June 30, 2021, and RMB 50 million as of June 30, 2022.

Additional details

1. Given that the loan either fully or partially disbursed but it is not known how these loan proceeds were utilized, AidData has set the umbrella field to False. 2. The loan identification number in the Government of Kenya’s External Public Debt Register is 2011018_1. 3. The amounts outstanding and repayments data are drawn from the Kenyan Treasury’s External Public Debt Register. See https://www.dropbox.com/s/549ixt2gj1jbjvi/External-Public-Debt-Register-as-at-End-June-2022.pdf?dl=0 and https://www.dropbox.com/s/0et4jg1qfg1bo7r/External-Public-Debt-Register-as-at-End-June-2021.pdf?dl=0 and https://www.dropbox.com/s/233j706743q7f1g/External-Public-Debt-Register-as-at-End-June-2020.pdf?dl=0 and https://www.dropbox.com/s/qkoybr9ja0ohemy/External-Public-Debt-Register-as-at-End-June-2009.pdf?dl=0 and https://www.dropbox.com/s/thy3s6ggjcjd97z/External-Public-Debt-Register-as-at-End-June-2012.pdf?dl=0 and https://www.dropbox.com/s/fzbfq01vas6m0i9/External-Public-Debt-Register-as-at-End-June-2019.pdf?dl=0 and https://www.dropbox.com/s/ennrl6d4zd2nizs/External-Public-Debt-Register-as-at-End-June-2018.pdf?dl=0 and https://www.dropbox.com/s/8ibazrj1a8oho2d/External-Public-Debt-Register-as-at-End-June-2017.pdf?dl=0 and https://www.dropbox.com/s/wdbjl0wq49i09x1/External-Public-Debt-Register-as-at-End-June-2015.pdf?dl=0

Number of official sources

3

Number of total sources

3