Project ID: 34363

$12.43 million grant to assist with Nepal's budget deficit

Pledged amount

$ 23412469.74

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.

Summary

Funding agency [Type]

Unspecified Chinese Government Institution [Government Agency]

Recipient

Nepal

Sector

General budget support (Code: 510)

Flow type

Grant

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

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment year

2005

Description

In August 2005, assuring Nepal of all support in its efforts to protect its sovereignty and stability in the wake of Maoist insurgency, China pledges to offer Nepal 12.43 million USD to help it tide over its budget deficit. Chinese Foreign Minister Li Zhaoxing signed the agreement with Nepalese Foreign Minister Ramesh Nath Pandey.

Number of official sources

0

Number of unofficial sources

2

Download the dataset

Details

Cofinanced

No