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Overview

Chinese Government provides STP with $10.9 million of general budget support (Linked to Record ID#55639)

Commitments (Constant USD, 2023)$11,598,978
Commitment Year•2017Country of Activity•Sao Tome and PrincipeDirect Recipient Country of Incorporation•Sao Tome and PrincipeSector•General Budget SupportFlow Type•Grant

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Jan 1, 2017
Start (actual)
Jan 1, 2017
End (actual)
Dec 31, 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 São Tomé & Príncipe

Loan description

Chinese Government provides STP with $10.9 million of general budget support (Linked to Record ID#55639)

Narrative

Full Description

Project narrative

According to the World Bank, the Chinese Government contributed $10.9 million to the Government of São Tomé and Príncipe’s 2019 budget for project grants. Record ID#55639 mentions this grant as part of a $38-million budget support pledge made by the Chinese government in 2017, to extend for 5 years.

Staff comments

Most of the media sources for this project list the transaction amount as the rounded up amount of $11 million. However, AidData uses the amount reported by the World Bank, $10.9 million.