Chinese government provided 50 million CNY grant for Development Projects (Linked to Project ID #1451)
Commitment amount
$ 8260496.905
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]
Unspecified Chinese Government Institution [Government Agency]
Recipient
Ethiopia
Sector
Other multisector (Code: 430)
Flow type
Grant
Concessional
Yes
Category
Project lifecycle
Description
On April 18, 2011, China agreed to provide 80 million CNY in loans and grants to Ethiopia, specifically 50 million CNY in grants and 30 million CNY in interest-free loan. The deal was signed in the Ethiopian capital between China's Vice Minister of Commerce Fu Ziying and Ahmed Shide, Ethiopia's state minister for finance and economic development. The money is designated for five projects: feasibility study for hydroelectric dams, potable water project, bio-gas energy, solar energy, and a malaria prevention program. The loan component of the project can be found under Project #1451.
Number of official sources
3
Number of unofficial sources
1
Details
Cofinanced
No
Receiving agencies [Type]
Government of Ethiopia [Government Agency]