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Overview

China signs Economic and Technical Cooperation Agreement granting 20 million RMB to Micronesia

Commitments (Constant USD, 2023)$4,368,965
Commitment Year•2007Country of Activity•MicronesiaDirect Recipient Country of Incorporation•MicronesiaSector•Unallocated/unspecifiedFlow Type•Grant

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Jan 1, 2007
Start (actual)
Dec 20, 2007
End (actual)
Dec 20, 2007

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Funding agencies

Government Agencies

  • China Ministry of Commerce

Receiving agencies

Government Agencies

  • Trust Fund of the Federal States of Micronesia

Loan desecription

China signs Economic and Technical Cooperation Agreement granting 20 million RMB to Micronesia

Narrative

Full Description

Project narrative

On December 20, 2007 during the Micronesian president's official visit to Beijing, Chinese and Micronesian government officials signed an economic and technical cooperation agreement (ETCA) granting 20 million RMB (roughly $2.7 million in 2007 USD) for unspecified purposes. It was ratified by Micronesia's congress on 20 February 2008. During the same visit in December 2007, an additional grant agreement was signed between the two countries (#41946).