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Overview

China grants 15 million RMB to Azerbaijan for construction projects and economic assistance

Commitments (Constant USD, 2023)$3,669,292
Commitment Year•2005Country of Activity•AzerbaijanSector•Other MultisectorFlow Type•Grant

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Mar 17, 2005

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

  • China Ministry of Commerce

Implementing agencies

Government Agencies

  • Azerbaijan Ministry of Foreign Affairs

Loan description

China grants 15 million RMB to Azerbaijan for construction projects and economic assistance

Narrative

Full Description

Project narrative

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.

Staff comments

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.