Project ID: 37611

Chinese Government provides $5 million loan to strengthen the falling value of PNG’s local currency (Linked to Project ID#43082)

Commitment amount

$ 12832283.643976402

Adjusted commitment amount

$ 12832283.64

Constant 2021 USD

Summary

Funding agency [Type]

Unspecified Chinese Government Institution [Government Agency]

Recipient

Papua New Guinea

Sector

Government and civil society (Code: 150)

Flow type

Loan

Level of public liability

Central government debt

Infrastructure

No

Category

Intent

Development (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

Vague (Official Finance) (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

Completion (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2000-03-01

Actual start

2000-03-20

Actual complete

2000-03-20

Description

On March 20 2000, in a meeting with Chinese Ambassador to PNG, Zhao Zhenyu, PNG Prime Minister Sir Mekere Morauta thanked the Chinese Government for providing a $5 million loan (captured in this project) and a $5 million grant (captured via Project ID#43082) to strengthen the falling value of PNG’s local currency (the kina).

Additional details

The year uncertain box has been checked, as it is unclear as to when this loan was committed-to.

Number of official sources

0

Number of total sources

4

Download the dataset

Details

Cofinanced

No

Direct receiving agencies [Type]

Government of Papua New Guinea [Government Agency]

Implementing agencies [Type]

Government of Papua New Guinea [Government Agency]

Loan Details

Bilateral loan