Project ID: 858

China provides 300 million RMB interest-free loan to Cote D'Ivoire in April 2002 (Linked to Project #498)

Commitment amount

$ 78632118.31

Constant 2017 USD

Not recommended for aggregates

This project is not recommended for use in creating aggregated sums. See the documentation for more information about this criteria.

Umbrella project

This project is classified as an "umbrella" project, and is connected to related projects.

Summary

Funding agency [Type]

China Ministry of Commerce [Government Agency]

Recipient

Cote d'Ivoire

Sector

Government and civil society (Code: 150)

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

2002

Description

On April 24, 2002 during the Cote d'Ivoire President's official visit to Beijing, the two heads of state witnessed the signing of a 300 million RMB interest-free loan agreement. The equivalent of €15,244,901 were allocated to the Parliamentary Complex Construction Project (see Project #498). It is unclear how the rest of this loan agreement was spent.

Additional details

This was probably disbursed through an ETCA in which case MOFCOM would be the funding agency. Since loan terms for the interest-free loan are unavailable, AidData has set maturity period to 20 years by default and grace period to 10 years by default per China's Foreign Assistance White Paper (http://www.cidca.gov.cn/2018-08/06/c_129925064_3.htm) which states that the maturity period of interest-free loans is 20 years, with a drawdown period of 5 years, grace period of 5 years, and repayment over 10 years. AidData treats the drawdown period as providing 5 years of additional grace.

Number of official sources

2

Number of unofficial sources

5

Download the dataset

Details

Cofinanced

No

Receiving agencies [Type]

Government of Côte d'Ivoire (Ivory Coast) [Government Agency]

Loan type

Interest-Free

Maturity

20 years

Interest rate

0.0%

Grace period

10 years

Grant element

75.05159755%

Gurarantee provided

No

Insurance provided

No