Chinese funding for hydro dam

Issue 132 - 08 Feb 2008
China has signed an agreement with Gabon to lend CFAfr37.2bn ($83.1m) towards the cost of the Grand Poubara scheme. The loan deal, signed on 25 January by Finance Minister Paul Toungui and Chinese ambassador Hxue Jinwei provides for a loan, bearing 3% interest over a 20-year term, with a grace period of seven years.

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