Overview

China pledges grant of 40 million Chinese Yuan to Indonesia for infastructure development

Commitments (Constant USD, 2023)$11,223,776

Commitment Year•2001Country of Activity•IndonesiaSector•Other MultisectorFlow Type•Grant

Status

Project lifecycle

Pipeline: Pledge

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Nov 7, 2001

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Funding agencies

Government Agencies

Unspecified Chinese Government Institution

Loan desecription

China pledges grant of 40 million Chinese Yuan to Indonesia for infastructure development

Narrative

Full Description

Project narrative

On November 7, 2001 Chinese Prime Minister Zhu Rongii announced a 40 million Chinese Yuan grant to Indonesia for infrastructure development. In exchange for the donation, Indonesia granted China permission to re-open a branch of the Bank of China in Jakarta for the first time since 1967.