China donates $1.2 million to Peruvian government to develop Peru-Ecuador border region

On January 17, 2003, Visiting Chinese Minister of Foreign Trade and Economic Cooperation Shi Guangsheng handed over to the Peruvian government a fund of 1.2 million US dollars for the development of the Peru-Ecuador border region. Shi said the donation showed the friendship between China and Peru. It would promote bilateral cooperation and contribute to international security. Peruvian Foreign Minister Allan Wagner Tizon thanked China for the assistance noted the fund would be channeled into 2 major projects, one of which was the building and management of a clinic in the Peru-Ecuador border area, the other was research on the accessibility of rivers in the Amazon Basin to smaller boats so as to promote trade and local small-scale fishing. Both programmes are linked to the peace agreement signed in 1998 by Peru and Ecuador following a border conflict.

Additional details

Although this money is split between the two projects, they are counted together here because the amount destined for each is unspecified. Funding potentially comes from Economic and Technical Cooperation Agreement (ETCA) signed April 15, 2002, also for 10 million RMB (about 1.2 million USD in 2002), captured in project #73147. The ETCA signed on the same day (January 17, 2003) was used to fund separate projects and is therefore not a viable funding mechanism.

Number of official sources

0

Number of total sources

3