Project ID: 69887

China reschedules Cuban interest-free ETCA loan

Summary

Funding agency [Type]

China Ministry of Commerce [Government Agency]

Recipient

Cuba

Sector

Action relating to debt (Code: 600)

Flow type

Debt rescheduling

Level of public liability

Central government debt

Infrastructure

No

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

Implementation (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2015-01-28

Actual start

2015-01-28

Description

On 28 January, 2015, during the XXVII Bilateral Intergovernmental Commission, officials from the China Ministry of Commerce signed an agreement to postpone an interest-free loan to Cuba's Ministry of Foreign Trade and Foreign Investment. The original loan was committed via an Economic and Technical Cooperation Agreement (ETCA) between the Government of Cuba and the Government of the People's Republic of China during President Xi Jinping's visit to Havana on 22 July 2014. The ETCA details the granting of an interest-free loan for the supplies of materials and equipment and execution of projects agreed upon by both governments.

Additional details

Number of official sources

0

Number of total sources

4

Download the dataset

Details

Cofinanced

No

Direct receiving agencies [Type]

Cuba Ministry of Foreign Trade and Foreign Investment [Government Agency]

Loan Details

Interest rate

0.0%