Chinese Government provides RMB 150 million interest-free loan — via ETCA — for unspecified purposes

On May 10, 2014, the Chinese Government and the Government of Kenya signed an Economic and Technical Cooperation Agreement (ECTA), which committed an RMB 150 million interest-free loan for unspecified purposes. The loan carries the following borrowing terms: a 10-year grace period, a 19-year maturity (June 1, 2033), and a 0% interest rate. According to the Government of Kenya’s External Public Debt Register, the borrower made no principal repayments between July 1, 2020 and June 30, 2022 (Fiscal Year 2020-2021 and Fiscal Year 2021-2022). The loan’s amount outstanding was RMB 8,530,000 as of June 30, 2020, RMB 8,530,000 as of June 30, 2021, and RMB 8,530,000 as of June 30, 2022.

Additional details

1. Given that the loan either fully or partially disbursed but it is not known how these loan proceeds were utilized, AidData has set the umbrella field to False. 2. The loan identification number in the Government of Kenya’s External Public Debt Register is 2014010_1. 3. The grace period of the loan is unknown. For the time being, AidData assumes a grace period of 10 years given standard borrowing terms for interest-free loans from MOFCOM include a 10 year grace period. 4. The amounts outstanding and repayments data are drawn from the Kenyan Treasury’s External Public Debt Register. See https://www.dropbox.com/s/549ixt2gj1jbjvi/External-Public-Debt-Register-as-at-End-June-2022.pdf?dl=0 and https://www.dropbox.com/s/0et4jg1qfg1bo7r/External-Public-Debt-Register-as-at-End-June-2021.pdf?dl=0 and https://www.dropbox.com/s/233j706743q7f1g/External-Public-Debt-Register-as-at-End-June-2020.pdf?dl=0 and https://www.dropbox.com/s/qkoybr9ja0ohemy/External-Public-Debt-Register-as-at-End-June-2009.pdf?dl=0 and https://www.dropbox.com/s/thy3s6ggjcjd97z/External-Public-Debt-Register-as-at-End-June-2012.pdf?dl=0 and https://www.dropbox.com/s/fzbfq01vas6m0i9/External-Public-Debt-Register-as-at-End-June-2019.pdf?dl=0 and https://www.dropbox.com/s/ennrl6d4zd2nizs/External-Public-Debt-Register-as-at-End-June-2018.pdf?dl=0 and https://www.dropbox.com/s/8ibazrj1a8oho2d/External-Public-Debt-Register-as-at-End-June-2017.pdf?dl=0 and https://www.dropbox.com/s/wdbjl0wq49i09x1/External-Public-Debt-Register-as-at-End-June-2015.pdf?dl=0

Number of official sources

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Number of total sources

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