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Overview

Chinese Government provides a $1 million USD grant for unspecified purposes

Commitments (Constant USD, 2023)$2,103,736
Commitment Year•2004Country of Activity•NauruDirect Recipient Country of Incorporation•NauruSector•Unallocated/unspecifiedFlow Type•Grant

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Apr 1, 2004
Start (actual)
May 13, 2004
End (actual)
May 13, 2004

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Funding agencies

Government Agencies

  • Unspecified Chinese Government Institution

Receiving agencies

Government Agencies

  • Government of Nauru

Loan description

Chinese Government provides a $1 million USD grant for unspecified purposes

Narrative

Full Description

Project narrative

On May 13, 2004, the Government of Nauru received a $1 million USD grant from the Chinese Government for unspecified purposes. In January 2005, the Public Accounts Committee of the Congress of the Federated States of Micronesia was "seeking information concerning the disbursement of these funds" and asked Micronesia's Treasury "to reconcile the various payments issued by the government using these funds".

Staff comments

It is likely that this grant came from an Economic and Technical Cooperation Agreement (ETCA) signed by the two countries in April 2004. Project_status was set to Completion because it clears that all Chinese financing was disbursed to Micronesia.