Skip to content
AidData logo

Overview

China Ministry of Commerce provides RMB 700 million grant for Emergency Cash Support Project

Commitments (Constant USD, 2023)$98,863,857
Commitment Year•2023Country of Activity•CubaDirect Recipient Country of Incorporation•CubaSector•General Budget SupportFlow Type•Grant

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Jan 18, 2023

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

  • Government of Cuba

Loan description

China Ministry of Commerce provides RMB 700 million grant for Emergency Cash Support Project

Narrative

Full Description

Project narrative

On January 18, 2023, the Chinese Government and the Government of Cuba signed an RMB 700 million grant agreement for the Emergency Cash Support Project. The agreement was signed by Rodrigo Malmierca Díaz, Cuba’s Minister of Foreign Trade and Foreign Investment and China’s Minister of Commerce. The purpose of the project is to provide emergency cash support to the Government of Cuba.