Chinese Government converts $75 million USD loans to Afghanistan into grants (linked to #34498)
Not recommended for aggregates
This project is not recommended for use in creating aggregated sums. See the documentation for more information about this criteria.
This project is classified as an "umbrella" project, and is connected to related projects.
Funding agency [Type]
China Ministry of Commerce [Government Agency]
Unallocated/unspecified (Code: 998)
In 2002, the Chinese Government made a commitment to provide the Government of Afghanistan with $150 million (captured in #34498). Half of this amount was to be provided in grant funding and the other half was to be provided via concessional loans. Then, in March 2009, the Chinese Government announced that it had decided to amend its previous commitment in 2002 and provide the $75 million that it had previously planned to provide as a concessional loan in the form of a grant.In 2010, Yang Jiechi announced that total 15 million USD of the aid was disbursed in 2009 with the remaining 60 million USD to be given by the end of 2013.
It is unclear whether the conversion of loans into grants was ever formally codified; therefore, this project has been status-coded as Pipeline: Pledge for the time being.
Number of official sources
Number of unofficial sources
Receiving agencies [Type]
Government of Afghanistan [Government Agency]