Project ID: 41929

China grants $500,000 to FSM for Kosrae General State Fund in 2007 (linked to #61587)

Commitment amount

$ 899632.1914420499

Adjusted commitment amount

$ 899632.19

Constant 2021 USD

Summary

Funding agency [Type]

Unspecified Chinese Government Institution [Government Agency]

Recipient

Micronesia

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

2007-01-01

Description

On September 17, 2007 a bill was introduced in the 15th Congress of FSM to approve the designated uses of the China financial assistance of USD 4 million to the Federated States of Micronesia for the expressed purpose of assisting emergency government financial reforms (project #61587). One of the designation was $500,000 USD to the Kosrae State General Fund for the purpose of funding the State’s employees’ severance pay package as part of its budgetary and financial reforms. It is linked to the umbrella project #61587, the total $4 million grant.

Number of official sources

4

Number of total sources

5

Download the dataset

Details

Cofinanced

No

Direct receiving agencies [Type]

Government of Kosrae State of Micronesia [Government Agency]