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Chinese Government commits $9.4 million interest-free loan — through ETCA — for unspecified infrastructure projects (Linked to Record ID#30381)
| Funder | China Ministry of Commerce |
|---|---|
| Recipient Organization | Government of Mozambique |
| Country | Mozambique |
| Start Date | Sep 22, 2012 |
| End Date | Apr 06, 2026 |
| Duration | 4,944 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 30379 |
Grant Description
Chinese Government commits $9.4 million interest-free loan — through ETCA — for unspecified infrastructure projects On September 22, 2012, the Government of Mozambique and the Chinese Government signed two Economic and Technical Cooperation Agreements (ETCA) worth approximately $23.7 million for an unspecified set of infrastructure projects.
One of the agreements was for a monetary grant worth approximately $14.3 million USD and the other was for an interest-free loan worth approximately $9.4 million. Record ID#30381 captures the grant commitment and Record ID#30379 captures the interest-free loan agreement.
Victor Borges, Mozambqiue’s Minister of Fisheries, and Li Rongcan, China’s Assistant Minister of Commerce, signed the agreements.
Staff Comments
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
- Mozambique
- China sign 25 mln USD agreements
- Mozambique: Loan and Grant Agreement With China
- Mozambique
- China sign $25m agreements
- China provides Mozambique with funding of US$23.6 million 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.
All Grantees
Government of Mozambique
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