Overview

MOFCOM provides RMB 30 million interest-free loan in July 2007 for unspecified purposes

Commitments (Constant USD, 2023)$6,553,447

Commitment Year•2007Country of Activity•CameroonDirect Recipient Country of Incorporation•CameroonSector•Unallocated/unspecifiedFlow Type•Loan

Status

Project lifecycle

Implementation

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Jul 1, 2007

First repayment: Jun 26, 2026

Last repayment: Jun 24, 2035

Stakeholders

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

Ultimate beneficial owners

At least 25% host country ownership

Funding agencies

Government Agencies

China Ministry of Commerce

Receiving agencies

Government Agencies

Government of Cameroon

Loan desecription

MOFCOM provides RMB 30 million interest-free loan in July 2007 for unspecified purposes

Grace period•19 yearsGrant element•88.9855%Interest rate (t₀)•0%Interest type•Fixed Interest RateMaturity•28 years

Narrative

Full Description

Project narrative

On July 1, 2007, China's Ministry of Commerce (MOFCOM) and the Government of Cameroon signed an Economic and Technical Cooperation Agreement (ETCA), which committed an RMB 30 million loan for unspecified purposes. The loan carried the following borrowing terms: a 0% interest rate, a 19-year grace period, and a 28-year maturity. As of December 31, 2020, the loan had achieved a 98.3% disbursement rate.