China provides 40 million RMB annual grant to Bangladesh for Agreement on Economic and Technical Cooperation (Linked: #43215)
Commitment amount
$ 7142071.243
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
Bangladesh
Sector
Unallocated/unspecified (Code: 998)
Flow type
Grant
Concessional
Yes
Category
Project lifecycle
Description
In March and June 2010, after formal talks between Prime Minister Sheikh Hasina and Chinese Vice President Xi Jinping, China pledged to grant 40 million RMB (5.85 million USD) to Bangladesh under an economic cooperation agreement. During the meetings China pledged a total of 100m RMB; the remaining 60m is captured in project 43215. According to a report from the Economic Relations Division, 11.179m of this contribution has been dispersed as of 2017. This is an annual contribution: 2009: #53972 (100m RMB) 2010: #43215 (60m RMB) & #34251 (40m RMB)2011: unknown 2012: 53975 (23.770m USD) 2013: 53578 (50m USD) 2014: none reported 2015: none reported2016: 53530 (300m RMB) [8th Bangladesh-China Friendship Bridge]2017: 53577 (500m RMB) [9th Bangladesh-China Friendship Bridge]
Number of official sources
1
Number of unofficial sources
5
Details
Cofinanced
No