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Overview

Chinese Government provides a RMB 50 million grant — via a 2017 ETCA — for the Youth's HUB Project

Commitments (Constant USD, 2023)$7,873,732
Commitment Year•2017Country of Activity•GeorgiaDirect Recipient Country of Incorporation•GeorgiaSector•Other Social Infrastructure And ServicesFlow Type•Grant

Status

Project lifecycle

Implementation

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
May 8, 2017

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

  • China Ministry of Commerce

Receiving agencies

Government Agencies

  • Government of Georgia

Implementing agencies

State-owned Policy Banks

  • China Development Bank (CDB)

Loan description

Chinese Government provides a RMB 50 million grant — via a 2017 ETCA — for the Youth's HUB Project

Narrative

Full Description

Project narrative

On May 8, 2017, the Chinese Government and the Government of Georgia signed an Economic and Technical Cooperation Agreement (ETCA), in which the Chinese Government committed to provide RMB 30 million in grant funding for the Youth's HUB Project. The Youth's HUB Project sought to create regional hubs with education spaces, sports, and other youth-centered activities. The funds were provided by the Chinese Government via China Development Bank (CDB). According to August 2018 email correspondence between Georgia’s Ministry of Finance and AidData, this project was ongoing.

Staff comments

AidData has coded the funding agency as MOFCOM as it is the sole administrator of China’s interest-free loan program. The sources that underpin this project record suggest that China Development Bank was the funding agency. However, this very likely reflects the fact that MOFCOM disbursed the loan through a bank account that the borrower established with China Development Bank.