Project ID: 61583

China Grants USD 250 thousand to the Federal Micronesian Government(linked to #61558)

Commitment amount

$ 542558.3374035372

Adjusted commitment amount

$ 542558.34

Constant 2021 USD

Summary

Funding agency [Type]

Unspecified Chinese Government Institution [Government Agency]

Recipient

Micronesia

Sector

Government and civil society (Code: 150)

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

2005-11-28

Description

Based on the release from the Congress of the Micronesia, on November 28, 2005, Micronesian officials signed an agreement with Chinese officials in Palikir for a grant of $2.5 million USD (link to project #61558). USD 250 thousand of the grant was provided to the National Government of Micronesia as the capital contribution into the FSM Trust Fund. However, it is unknown whether Congress has approved it or the grant has provided to the National Government. It is linked to umbrella project #61558, the total $2.5 million grant.

Number of official sources

1

Number of total sources

1

Download the dataset

Details

Cofinanced

No

Direct receiving agencies [Type]

Trust Fund of the Federal States of Micronesia [Government Agency]