Overview

China Ministry of Commerce extends use period for interest free loan from September 2009 Economic and Technical Cooperation Agreement (Linked to Record ID#70857)

Commitment Year•2015Country of Activity•BoliviaDirect Recipient Country of Incorporation•BoliviaSector•Action Relating To DebtFlow Type•Debt rescheduling

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Sep 30, 2015

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Funding agencies

Government Agencies

China Ministry of Commerce

Receiving agencies

Government Agencies

Government of Bolivia

Loan description

China Ministry of Commerce extends use period for interest free loan from September 2009 Economic and Technical Cooperation Agreement (Linked to Record ID#70857)

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

Narrative

Full Description

Project narrative

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.