Project ID: 38552

Chinese Government provides $20 million grant for budgetary support to support peace process

Commitment amount

$ 23482471.158516902

Adjusted commitment amount

$ 23482471.16

Constant 2021 USD

Summary

Funding agency [Type]

China Ministry of Commerce [Government Agency]

Recipient

Nepal

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

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

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2012-01-24

Description

On January 14, 2012, China announced a one-time grant of US$20 million (over Rs 1.65 billion) to the government to support the peace process, in particular this grant is a budgetary support which will be used for financing rehabilitation of former Maoist combatants. This was announced when Prime Minister Wen Jiabao of China paid a short visit to Nepal (lasting four and a half hours), stopping over on his way to the Persian Gulf. According to the Nepal government, the agreement was signed in 2012 but not implemented yet as of 2018.

Number of official sources

1

Number of total sources

10

Download the dataset

Details

Cofinanced

No

Direct receiving agencies [Type]

Government of Nepal [Government Agency]