Overview

Chinese Ministry of Commerce provides a $1.5 million USD grant for balance of payments support to Seychelles

Commitments (Constant USD, 2023)$2,492,347

Commitment Year•2007Country of Activity•SeychellesDirect Recipient Country of Incorporation•SeychellesSector•General Budget SupportFlow Type•Grant

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Feb 10, 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

Seychelles Ministry for Investment, Entrepreneurship and Industry

Loan desecription

Chinese Ministry of Commerce provides a $1.5 million USD grant for balance of payments support to Seychelles

Narrative

Full Description

Project narrative

In February of 2007, government officials of China and Seychelles signed a series of five agreements, one of which included a $1.5 million USD grant for balance of payment support. It is unclear how exactly the funds were used. The accords were signed by Seychelles Minister for Industries, Investment and Technology Jacquelin Dugasse and China's Minister for Commerce Bo Xilai.