Chinese Government provides a $1 million USD grant for unspecified purposes
Commitment amount
$ 2277652.121886636
Adjusted commitment amount
$ 2277652.12
Constant 2021 USD
Summary
Funding agency [Type]
Unspecified Chinese Government Institution [Government Agency]
Recipient
Nauru
Sector
Unallocated/unspecified (Code: 998)
Flow type
Grant
Infrastructure
No
Category
Project lifecycle
Description
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".
Additional details
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.
Number of official sources
1
Number of total sources
2
Details
Cofinanced
No
Direct receiving agencies [Type]
Government of Nauru [Government Agency]