Project ID: 34997

Chinese Government provides RMB 50 million grant -- via ECTA -- for housing/harbor development projects

Commitment amount

$ 8927589.054

Constant 2017 USD

Summary

Funding agency [Type]

China Ministry of Commerce [Government Agency]

Recipient

Maldives

Sector

Other social infrastructure and services (Code: 160)

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

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment year

2010

Description

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.

Additional details

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

Number of official sources

1

Number of unofficial sources

3

Download the dataset

Details

Cofinanced

No

Receiving agencies [Type]

Government of the Maldives [Government Agency]

Implementing agencies [Type]

Government of the Maldives [Government Agency]