Project ID: 63884

Chinese Government pledges to 1 billion RMB grant to Philippines in April 2019

Pledged amount

$ 163620015.40516102

Adjusted pledged amount

$ 163620015.40516102

Constant 2021 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.

Summary

Funding agency [Type]

Unspecified Chinese Government Institution [Government Agency]

Recipient

Philippines

Sector

Unallocated/unspecified (Code: 998)

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

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2019-01-01

Planned start

2019-04-25

Description

On April 25, 2019, China pledged to provide a RMB 1 billion grant to the Philippines during the Second Belt and Road Forum for International Cooperation in Beijing. This verbal pledge was made during Philippines' President Duterte's bilateral meeting with Chinese President Xi Jinping held in Beijing. The grant is for unspecified purposes.

Additional details

The project only reached verbal pledge stage. No additional evidence can confirm whether agreements were signed.

Number of official sources

2

Number of total sources

7

Download the dataset

Details

Cofinanced

No

Direct receiving agencies [Type]

Government of the Philippines [Government Agency]