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Overview

Chinese Government provides $12 million to the Federated States of Micronesia under New Economic Cooperation Agreement

Commitments (Constant USD, 2023)$12,455,850
Commitment Year•2019Country of Activity•MicronesiaDirect Recipient Country of Incorporation•MicronesiaSector•Other MultisectorFlow Type•Grant

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Dec 13, 2019

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 Micronesia, Federated States of

Loan description

Chinese Government provides $12 million to the Federated States of Micronesia under New Economic Cooperation Agreement

Narrative

Full Description

Project narrative

On December 13, 2019, the Chinese government agreed to provide the Federated States of Micronesia $12 million under an unnamed economic cooperation agreement. The agreement was reached during the visit of President Xi to Micronesia.

Staff comments

1. AidData assumes that this project was financed with a Chinese Government grant for the time being. This issue warrants further investigation. 2. It is unclear whether this project is an ETCA because the source only indicates it is an economic cooperation project. This issue warrants further investigation.