Narrative
Full Description
Project narrative
On November 16, 2011, the Chinese Government and the Government of Ethiopia signed an RMB 40 million ($6.35 million or ETB 108,400,000) grant agreement for the provision of 90 state guest vehicles. A vehicle handover ceremony took place on February 17, 2012 on the premises of the Ethiopian Ministry of Finance and Economic Development (MoFED) in Addis Ababa where Ahmed Shide, State Minister of MoFED, and Xie Xiaoyan, Chinese Ambassador to Ethiopia, signed the handover agreement.
Staff comments
1. The system identification number for this project in the Government of Ethiopia’s Aid Management Platform (AMP) is 87143124101631. 2. 1 Ethiopian Birr (ETB) was equal to 0.36 Chinese yuan (RMB) in November 2011, which implies that the ETB 108,400,000 grant commitment recorded in the AMP was worth RMB 42,302,016 at the time that it was contracted.”