Project ID: 91929

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

Commitment amount

$ 7096555.031048256

Adjusted commitment amount

$ 7096555.03

Constant 2021 USD

Summary

Funding agency [Type]

China Ministry of Commerce [Government Agency]

Recipient

Cameroon

Sector

Unallocated/unspecified (Code: 998)

Flow type

Loan

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

2007-07-01

Description

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.

Number of official sources

1

Number of total sources

2

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Details

Cofinanced

No

Direct receiving agencies [Type]

Government of Cameroon [Government Agency]

Loan Details

Maturity

28 years

Interest rate

0.0%

Grace period

19 years

Grant element (OECD Grant-Equiv)

86.4323%

Bilateral loan

Interest-free loan