Chinese Government commits RMB 30 million grant for Green Scheme Project (linked to projects #1315 and #62351)
Commitment amount
$ 7096555.031048256
Adjusted commitment amount
$ 7096555.03
Constant 2021 USD
Summary
Funding agency [Type]
China Ministry of Commerce [Government Agency]
Recipient
Namibia
Sector
Agriculture, forestry, fishing (Code: 310)
Flow type
Grant
Infrastructure
No
Category
Project lifecycle
Description
On February 5, 2007, President Hu Jintao agreed to provide an RMB 30 million grant to the Government of Namibia for the Green Scheme Project. The Green Scheme Project is a national initiative to develop irrigation-based, agronomic production, seeking to maximize agricultural output through efficient water usage. Another goal of the project is to increase large-scale commercial crop production in Namibia. Also on this date, President Hu Jintao agreed to provide an RMB 30 million interest-free loan for the Green Scheme Project, which is recorded in the linked project #1315. At the same official visit to Namibia, President Hu Jintao also pledged to provide several other financial flows (recorded in the umbrella project #62351). It is unclear if these projects were financed under an ETCA.
Number of official sources
3
Number of total sources
7
Details
Cofinanced
No
Direct receiving agencies [Type]
Government of Namibia [Government Agency]