Skip to content
AidData logo

Overview

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

Commitments (Constant USD, 2023)$830,782
Commitment Year•2007Country of Activity•MicronesiaDirect Recipient Country of Incorporation•MicronesiaSector•General Budget SupportFlow 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

  • Government of Kosrae State of Micronesia

Loan description

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

Narrative

Full Description

Project narrative

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 (Record ID#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 Record ID#61587, the total $4 million grant.