Overview

Chinese Government provides RMB 50 million grant — via ETCA — for housing/harbor development projects

Commitments (Constant USD, 2023)$9,500,083

Commitment Year•2010Country of Activity•MaldivesDirect Recipient Country of Incorporation•MaldivesSector•Other Social Infrastructure And ServicesFlow Type•Grant

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: May 30, 2010

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

China Ministry of Commerce

Receiving agencies

Government Agencies

Government of the Maldives

Implementing agencies

Government Agencies

Government of the Maldives

Loan desecription

Chinese Government provides RMB 50 million grant — via ETCA — for housing/harbor development projects

Narrative

Full Description

Project narrative

On May 30, 2010, the Chinese Government and the Government of Maldives signed an Economic and Technical Cooperation Agreement (ETCA), which included an RMB 50 million grant for unspecified projects. Maldives' Foreign Ministry Additional Secretary stated at the time that the grant might be used for housing construction and/or harbor development activities. According to the Maldives President's Office, the grant was pledged during President's Mohamed Nasheed visit to China, and the money was intended to help the Maldives overcome the challenges after the global economic recession.

Staff comments

1. It is unclear is any subsidiary projects were ever funded with the proceeds from this grant agreement.