Active Development AidData Chinese Aid

Chinese Government provides a $3 million USD interest-free loan for unspecified purposes

$3M USD

Funder	China Ministry of Commerce
Recipient Organization	Government of Tunisia
Country	Tunisia
Start Date	Feb 17, 2000
End Date	Feb 01, 2032
Duration	11,672 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`2475`

Grant Description

Chinese Government provides a $3 million USD interest-free loan for unspecified purposes In 2000, the Chinese Government and the Government of Tunisia signed a $3 million USD interest-free loan agreement for unspecified purposes.

The provision of the loan was announced in February 2000 during a visit of Chinese Minister of Foreign Affairs Tang Jiaxuan.

📋 Staff Comments

It is very likely provided that this loan was provided through an Economic and Technical Cooperation Agreement (ETCA), meaning the funding agency was the Chinese Ministry of Commerce (MOFCOM), so AidData has been coded accordingly. 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.

📚 Sources & References

China offers Tunisia loan, grant.
ChinaLoansToAfrica©SAIS-CARI.csv
Chinese Loans to Africa Database (2022 Update) Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.