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Overview

Chinese Government donates $30 million USD to Zambian Government in 2019

Commitments (Constant USD, 2023)$31,139,625
Commitment Year•2019Country of Activity•ZambiaDirect Recipient Country of Incorporation•ZambiaSector•Unallocated/unspecifiedFlow Type•Grant

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Jun 24, 2019
Start (actual)
Jun 24, 2019
End (actual)
Jun 24, 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 Zambia

Loan desecription

Chinese Government donates $30 million USD to Zambian Government in 2019

Narrative

Full Description

Project narrative

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 Record ID#88356).