Project ID: 1630

China provides $5 million grant to Liberia

Pledged amount

$ 8817166.374

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]

Recipient

Liberia

Sector

Unallocated/unspecified (Code: 998)

Flow type

Grant

Concessional

Yes

Category

Intent

Mixed (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

OOF-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: Pledge (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment year

2006

Description

In November of 2006, China provided a $5 million grant to Liberia. The exact purpose of the grant is undecided, but it is related to the MoU that was signed allowing Chinese engineers to explore for offshore oil and possible mineral reserves. The MOU also outlined the development of a free trade zone at the Atlantic Ocean Port of Buchanan.

Number of official sources

1

Number of unofficial sources

1

Download the dataset

Details

Cofinanced

No