China grants 15 million RMB to Azerbaijan for construction projects and economic assistance
Commitment amount
$ 3973007.8010371276
Adjusted commitment amount
$ 3973007.8
Constant 2021 USD
Summary
Funding agency [Type]
China Ministry of Commerce [Government Agency]
Recipient
Azerbaijan
Sector
Other multisector (Code: 430)
Flow type
Grant
Infrastructure
Yes
Category
Project lifecycle
Description
On March 17-18, 2005, the Azerbaijani visited China and signed a memorandum on technical assistance between the Chinese Ministry of Foreign Affairs and Azerbaijans Foreign Ministry. As part of this ETCA, China agreed to provide 15,000,000 yuan to Azerbaijan. 10 million of this is for construction projects, and the other 5 million is for general economic assistance. According to a MOFCOM source from 2008, the aid has not yet been implemented, and the status of the grants remains unknown.
Additional details
One of the sources below states that the grant is worth 150,000,000 yuan, but also states that it is worth US$1.8Mn, which would only be 15 million yuan. As such, this 150 million yuan figure is regarded as a typo.
Number of official sources
2
Number of total sources
3
Details
Cofinanced
No
Implementing agencies [Type]
Azerbaijan Ministry of Foreign Affairs [Government Agency]