China Ministry of Commerce extends use period for interest free loan from September 2009 Economic and Technical Cooperation Agreement (linked to #70857)
Summary
Funding agency [Type]
China Ministry of Commerce [Government Agency]
Recipient
Bolivia
Sector
Action relating to debt (Code: 600)
Flow type
Debt rescheduling
Level of public liability
Central government debt
Infrastructure
No
Category
Project lifecycle
Description
On September 30, 2015, the Chinese Ambassador to Bolivia and the Bolivian Minister of Foreign Affairs signed an Exchange of Letters on Extension of the Use Period of Interest-Free Loans. This extended the use period, by five years, for an interest-free loan of 20 million RMB (about 3.1 million USD) provided to Bolivia through an Economic and Technical Cooperation Agreement (ETCA) signed on September 29, 2009 (see project 70857). Though the purpose of the loan was originally to fund the acquisition of water-well drilling equipment, Los Tiempos Bolivia and other media sources report the extended loan will be used for the acquisition of customs scanning equipment.
Additional details
Number of official sources
2
Number of total sources
5
Details
Cofinanced
No
Direct receiving agencies [Type]
Government of Bolivia [Government Agency]
Loan Details
Interest rate
0.0%