Project ID: 55625

Chinese Government pledges grant for construction of Dr. Ayres Menezes Hospital

Not recommended for aggregates

This project is not recommended for use in creating aggregated sums. See the documentation for more information about this criteria.

Summary

Funding agency [Type]

Unspecified Chinese Government Institution [Government Agency]

Recipient

Sao Tome and Principe

Sector

Health (Code: 120)

Flow type

Grant

Infrastructure

Yes

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

Pipeline: Pledge (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2018-01-01

Description

The Chinese Government has agreed to a grant to be provided to the Sao Tome & Principe Government for construction of the Dr. Ayres Menezes Hospital. The financing package will have a grant element of at least 35%. The hospital is also being financed by a USD $17 million loan with a 34% grant element from Kuwait. Additional information on the grant and its implementation status is unknown.

Additional details

The grant element of the Chinese financing is listed as 35%, but the exact wording on the IMF report was: "grant element of well above the 35 percent": as such, exact loan details are unclear.

Number of official sources

2

Number of total sources

5

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Details

Cofinanced

Yes

Cofinancing agencies [Type]

Kuwait Fund for Arab Economic Development [Government Agency]

Direct receiving agencies [Type]

Government of São Tomé & Príncipe [Government Agency]