(1) aid funds
From 20 10 to 20 12, China's foreign aid amounted to 89.34 billion yuan. Foreign aid funds include free aid, interest-free loans and preferential loans.
Free aid is mainly used to help recipient countries build small and medium-sized social welfare projects and implement human resources development cooperation, technical cooperation, material assistance and emergency humanitarian assistance. In the past three years, China has provided 32.32 billion yuan of free aid to foreign countries, accounting for 36.2% of the total foreign aid.
Interest-free loans are mainly used to help recipient countries build social public facilities and livelihood projects. In the past three years, China has provided 7.26 billion yuan of interest-free loans to foreign countries, accounting for 8. 1% of the total foreign aid.
Preferential loans are mainly used to help recipient countries build productive projects and large and medium-sized infrastructure projects with economic and social benefits, and provide large-scale complete sets of equipment, mechanical and electrical products, etc. In the past three years, China has provided preferential loans of 49.76 billion yuan, accounting for 55.7% of the total foreign aid.
Foreign aid budget funds shall be managed by the Ministry of Finance in accordance with the budget and final accounts system. The principal of preferential loans is raised by The Export-Import Bank of China through the market, and the loan interest rate is lower than the benchmark interest rate announced by the People's Bank of China, and the resulting interest difference is subsidized by the state finance.
(2) the distribution of aid
From 20 10 to 20 12, China * * * provided assistance to 12 1 countries, including 30 countries in Asia, 5 1 countries in Africa, 9 countries in Oceania and/kloc-0 in Latin America and the Caribbean. In addition, China has provided assistance to regional organizations such as the African Union.