Chinese Government provides RMB 250 million grant — via ETCA — for Youth Center Project
Commitment amount
$ 45864939.10554018
Adjusted commitment amount
$ 45864939.11
Constant 2021 USD
Summary
Funding agency [Type]
China Ministry of Commerce [Government Agency]
Recipient
Sierra Leone
Sector
Education (Code: 110)
Flow type
Grant
Infrastructure
Yes
Category
Project lifecycle
Description
On February 22, 2013, the President of Sierra Leone, Ernest Bai Koroma, announced that China granted 250 million RMB to Sierra Leone for development projects, according to Awoko News. China Daily, People's Daily, and Alibaba report that this amount is part of an Economic and Technical Cooperation Agreement (ETCA) and that the government of Sierra Leone plans to use the 250 million Yuan to build a a training center for young people.
Additional details
1. Awoko reports a RMB 250 million grant announced after President Koroma's visit to China from June 24-July 1, 2013. The RMB 250 million is approximately equivalent to $30 million USD, and the article lists support for the youth center, so they are assumed to be the same grant.
Number of official sources
1
Number of total sources
8
Details
Cofinanced
No
Direct receiving agencies [Type]
Government of Sierra Leone [Government Agency]