Project ID: 32066

Chinese Government commits 12.5 million USD in grant aid and interest-free loans for projects (linked to #32087, #32079, #33399)

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

Cambodia

Sector

Unallocated/unspecified (Code: 998)

Flow type

Vague TBD

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

Commitment year

2002

Description

On November 4 2002, Chinese Premier Zhu Rongji signed multiple agreements (including Economic and Technical Cooperation Agreements) worth 100 million CNY (about US$12.5 million) in grant aid and interest-free loans to Cambodia. The aid was promised after the Cambodian Prime Minsters requested assistance for upgrading Cambodia's transportation network and power plants during talks between Premier Zhu and Cambodian Prime Minster Hun Sen at ASEAN.Under the agreements, China would:- Provide 50 million CNY in grant (see ProjectID#32079)- Provide 50 million CNY in interest-free loans (see ProjectID#33399)Premier Zhou also announced complete debt relief for the Cambodian Government (worth approximately $200 million USD) at the same meeting (see ProjectID#32087).

Additional details

In the news article by 'Kyodo News International' on 2 November 2002, the amount of grant aid and interest-free loans given to Cambodia by China was reported to be US$10m. However in the articles by 'WMRC Daily Analysis' and 'news 24 archives', the reported amount was US$12.5m.

Number of official sources

0

Number of unofficial sources

5

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Details

Cofinanced

No

Receiving agencies [Type]

Government of Cambodia [Government Agency]