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Overview

China grants 4 million RMB for construction of Micronesia's embassy compound in Beijing

Commitments (Constant USD, 2023)$873,793
Commitment Year•2007Country of Activity•MicronesiaDirect Recipient Country of Incorporation•MicronesiaSector•Government And Civil SocietyFlow Type•Grant

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Jan 1, 2007

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Funding agencies

Government Agencies

  • Unspecified Chinese Government Institution

Receiving agencies

Government Agencies

  • Trust Fund of the Federal States of Micronesia

Loan desecription

China grants 4 million RMB for construction of Micronesia's embassy compound in Beijing

Narrative

Full Description

Project narrative

On January 28, 2008, the Congress of the Federated States of Micronesia passed a resolution ratifying a Chinese government grant worth 4 million RMB (roughly $500,000 in 2008 USD) that will be disbursed over three years. Although this grant was ratified in early January 2008, the agreement itself was most likely signed Chinese and Micronesian officials in 2007, but AidData could find any evidence of this. The purpose of this grant is to finance construction of a the FSM embassy compound in Beijing, China. The compound exists today, so funds are assumed to be fully disbursed.