Project ID: 621

MOFCOM provides RMB 50 million grant — via ETCA — for combatting bird flu and other unspecified purposes

Commitment amount

$ 10264204.11

Constant 2017 USD

Not recommended for aggregates

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

Umbrella project

This project is classified as an "umbrella" project, and is connected to related projects.

Summary

Funding agency [Type]

China Ministry of Commerce [Government Agency]

Recipient

Egypt

Sector

Unallocated/unspecified (Code: 998)

Flow type

Grant

Concessional

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

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment year

2007

Description

On May 22, 2007, Chinese Deputy Minister of Commerce, Wei Jianguo, and Egyptian Minister of State for Economic Development, Osman Mohammed Osman, signed an Economic and Technical Cooperation Agreement (ETCA), which committed RMB 50,000,000 of grant funding for unspecified purposes. The agreement was recorded in Arabic and Chinese and signed in Cairo, Egypt, during an official goodwill visit. According to the ETCA, some of the grant proceeds would be allocated in combating bird flu. The agreement also stipulates that the remaining grant funds be allocated to Egyptian development projects as agreed upon at a later time through a formal exchange of letters. The grant would be disbursed through an account established between the Central Bank of Egypt and China Development Bank, as specified in a separate agreement. On March 18t 2008, the ETCA was ratified by Egyptian Presidential Decision no. 90.

Additional details

Egyptian Minister of State for Economic Development, Osman Mohammed Osman, signed the ETCA on behalf of the Egyptian Government at large. The Egyptian Minister of State position is that of a junior cabinet member in the Egyptian Government and is not associated with one particular ministry; instead, the position exists to achieve specific short term goals without altering the state's structure.

Number of official sources

4

Number of unofficial sources

2

Download the dataset

Details

Cofinanced

No

Receiving agencies [Type]

Central Bank of Egypt [Government Agency]

Implementing agencies [Type]

China Development Bank (CDB) [State-owned Policy Bank]; Government of Egypt [Government Agency]