Overview

Chinese Government provides $1.5 million general budget support grant to help CAR address ‘pressing needs’ in November 2007 (Linked to Record ID#56373)

Commitments (Constant USD, 2023)$2,492,347

Commitment Year•2007Country of Activity•Central African RepublicDirect Recipient Country of Incorporation•Central African RepublicSector•General Budget SupportFlow Type•Grant

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Oct 12, 2007

Start (actual): Oct 12, 2007

End (actual): Nov 9, 2007

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 the Central African Republic

Loan description

Chinese Government provides $1.5 million general budget support grant to help CAR address ‘pressing needs’ in November 2007 (Linked to Record ID#56373)

Narrative

Full Description

Project narrative

On October 12, 2007, the Chinese Government and the Government of the Central African Republic (CAR) signed an economic and technical cooperation agreement (ETCA), which committed a $1.5 million general budgetary support grant to help the authorities in CAR address ‘pressing needs’. The Chinese Government transferred the $1.5 million grant to the Government of the Central African Republic on November 9, 2007.

Staff comments

This general budget support grant is separate from the 1.9 billion CFA general budget support grant that was committed through a separate ETCA in January 2007 (see #56373).