Chinese Government donates $30 million USD to Zambian Government in 2019
Commitment amount
$ 33706938.367864184
Adjusted commitment amount
$ 33706938.37
Constant 2021 USD
Summary
Funding agency [Type]
Unspecified Chinese Government Institution [Government Agency]
Recipient
Zambia
Sector
Unallocated/unspecified (Code: 998)
Flow type
Grant
Infrastructure
No
Category
Project lifecycle
Description
According to a media reports, at a signing ceremony on June 24, 2019 Chinese Minister of Foreign Affairs Wang Yi announced a USD $30 million grant to the Zambian government. The grant aims to support key infrastructure projects implemented under the Seventh National Development Plan of the Zambian government for the purpose of accelerating industrialization and job creation agendas. The grant agreement was signed at a signing ceremony "for economic agreements and debt cancellation" at the Diaoyutai Hotel in Hangzhou, China. The agreement was signed by Deputy Director of China International Development Cooperation Agency Zhou Liujun and Zambian Foreign Affairs Minister Joseph Malanji, and witnessed by Zambia's Ambassador to China Winnie Chibesakunda. During the signing ceremony, the two governments also signed a debt cancellation for RMB 150 million of Zambian debt (captured in Project ID#88356).
Additional details
Number of official sources
0
Number of total sources
5
Details
Cofinanced
No
Direct receiving agencies [Type]
Government of Zambia [Government Agency]