Project ID: 56273

RMB 50 million Chinese Government grant in 2017 ETCA for Improving the National Museum for the Archeology, Anthropology, and History of Peru (linked to #73529)

Commitment amount

$ 8526432.051266648

Adjusted commitment amount

$ 8526432.05

Constant 2021 USD

Summary

Funding agency [Type]

China Ministry of Commerce [Government Agency]

Recipient

Peru

Sector

Other social infrastructure and services (Code: 160)

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

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

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2017-11-20

Geography

Description

On November 30, 2017, the Chinese Ambassador to Peru signed an Economic and Technical Cooperation Agreement (ETCA) with the Peruvian Minister of Foreign Relations, granting 50 million RMB to the Government of Peru for the Project for the Improvement of the Cultural Services of the National Museum of the Archeology, Anthropology, and History of Peru Project (Proyecto "Mejoramiento de los Servicios Culturales del Museo Nacional de Arqueología, Antropología e Historia del Perú"). The project intended to help expand and modernize the museum. While the text of the ETCA explicitly lists this as a project to be funded by the grant, it also includes a note that funds can additionally be used for "[other projects agreed to by the two Governments]" (translation, pg. 18 in "Congreso de la Republica" PDF). Peru's International Cooperation Agency (Agencia Peruana de Cooperación Internacional) worked to facilitate project implementation. The banking for the funds was handled by the Bank of the Nation of Peru (Banco de la Nación) and the China Development Bank. The museum, also known as the MNAAHP, is under Peru's Ministry of Culture. This agreement follows an earlier feasibility study investigating the project's potential, funded through a separate ETCA, and captured in project #73529.

Additional details

this is coded as 160 because the CRS sector 16061 including libraries and museums. Project is not coded as umbrella because it is the only project funded through the ETCA that has been identified thus far. The ETCA signed on November 21, 2016 (see #73600) also references potentially funding the "Mejoramiento de los Servicios Culturales del Museo Nacional de Arqueología, Antropología e Historia del Perú" project captured here. However, no Letters of Exchange or other subsequent agreement has been found to suggest funds from this November 2016 ETCA it were ultimately put towards the project.

Number of official sources

4

Number of total sources

4

Download the dataset

Details

Cofinanced

No

Implementing agencies [Type]

China Development Bank (CDB) [State-owned Policy Bank]

Peru Bank of the Nation (Banco de la Nación) [State-owned Bank]

Peruvian Agency for International Cooperation (APCI) [Government Agency]

Peru National Museum of Archeology, Anthropology, and History [Miscellaneous Agency Type]