Project ID: 1443

MOFCOM provides RMB 60 million grant — via ETCA — for unspecified projects (Linked to Project ID#1445)

Commitment amount

$ 9912596.286

Constant 2017 USD

Not recommended for aggregates

This project is not recommended for use in creating aggregated sums. See the documentation for more information about this criteria.

Umbrella project

This project is classified as an "umbrella" project, and is connected to related projects.

Summary

Funding agency [Type]

China Ministry of Commerce [Government Agency]

Recipient

Egypt

Sector

Unallocated/unspecified (Code: 998)

Flow type

Grant

Concessional

Yes

Category

Intent

Development (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

ODA-like (The next section lists the possible statuses.)

Official Development Assistance

Other Official Flows

Vague (Official Finance)

Flows categorized based on OECD-DAC guidelines

Project lifecycle

Status

Pipeline: Commitment (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Implementation

2009

2009-04-20

Actual start

Commitment year

2011

NOTE: This project began implementation and then later secured financing from a Chinese funding agency to continue project implementation

Description

On April 20, 2011, the Chinese Vice Minister of Commerce, Fu Ziying, and Egyptian Assistant Minister of International Cooperation, Nabil Abdel-Hamid, signed an Economic and Technical Cooperation Agreement (ETCA), which committed RMB 60,000,000 of grant funding for unspecified purposes. The ETCA stipulated that the grant would be allocated at a later date following a formal exchange of letters between the two signatories and that the grant would be disbursed through a bank account established between China Development Bank and the Central Bank of Egypt. According to the Vice Minister of Commerce, the Chinese Government would offer $1,000,000 to Egypt for emergency evacuation of Egyptian civilians from Libya. However, it was unclear whether the $1,000,000 was included in the RMB 60,000,000 grant or not. On the same day, China’s Ministry of Commerce also agreed to grant container inspection equipment to the Egyptian government (captured in Project ID#1445).

Number of official sources

3

Number of unofficial sources

4

Download the dataset

Details

Cofinanced

No

Receiving agencies [Type]

Central Bank of Egypt [Government Agency]

Implementing agencies [Type]

China Development Bank (CDB) [State-owned Policy Bank]; Egyptian Ministry of Investment and International Cooperation [Government Agency]