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Overview

MOFCOM provides RMB 130 million grant - through economic and technical cooperation agreement (ETCA) - after floods (Linked to Record ID#52286)

Commitments (Constant USD, 2023)$21,638,509
Commitment Year•2015Country of Activity•MalawiDirect Recipient Country of Incorporation•MalawiSector•Emergency ResponseFlow Type•Grant

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Jan 29, 2015

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

Receiving agencies

Government Agencies

  • Government of Malawi

Loan description

MOFCOM provides RMB 130 million grant - through economic and technical cooperation agreement (ETCA) - after floods (Linked to Record ID#52286)

Narrative

Full Description

Project narrative

On January 29, 2015, the Chinese Government and the Government of Malawi signed two economic and technical cooperation (ETCA) agreements in the aftermath of the worst floods to hit the country since independence. This first agreement was an RMB 130 million (US$25 million) grant agreement and the second agreement was an RMB 50 million (US$8 million) interest-free loan. The proceeds from the interest-free loan and the grant (this project) were to be used to deal with the aftermath of the floods which had inundated nearly all the districts across the country. Malawi's Minister of Finance, Goodall Gondwe, said that the grant proceeds would be used to expand Thyolo Secondary School, renovate technical colleges, drill boreholes in various districts around the country, provide technical cooperation for Bingu National Stadium, and maintain the newly-constructed Parliament Building. It is unknown if the funds were ever disbursed, and if so when. However, the proceeds from this grant were likely used to support Record ID#52324, Record ID#57896.

Staff comments

This project is linked to Record ID#52286 (where China gives an interest-free loan to Malawi for school and borehole projects) --the RMB 50 interest-free loan that was also committed on January 29, 2015.