Project ID: 37697

China grants PNG $1m to boost economy

Commitment amount

$ 2499454.9020036506

Adjusted commitment amount

$ 2499454.9

Constant 2021 USD

Summary

Funding agency [Type]

Unspecified Chinese Government Institution [Government Agency]

Recipient

Papua New Guinea

Sector

General budget support (Code: 510)

Flow type

Grant

Infrastructure

No

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

Completion (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2002-01-01

Actual start

2002-09-23

Actual complete

2002-09-23

Description

Summary: On September 23, 2002, Chinese goverment sent aid to Papua New Guinea with 1 million US dollars(4 million Kina) in cash grants to boost its troubled economy. China is the first nation from the Friends of PNG grouping to support the Somare government in current economic difficulties.

Number of official sources

0

Number of total sources

1

Download the dataset

Details

Cofinanced

No

Implementing agencies [Type]

Government of Papua New Guinea [Government Agency]