Overview

Chinese Government provides $1 million grant for budget support (Linked to Record ID#22580)

Commitments (Constant USD, 2023)$2,004,331

Commitment Year•2005Country of Activity•Guinea-BissauDirect Recipient Country of Incorporation•Guinea-BissauSector•General Budget SupportFlow Type•Grant

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Nov 21, 2005

Start (actual): Nov 21, 2005

End (actual): Nov 21, 2005

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 Guinea-Bissau

Loan desecription

Chinese Government provides $1 million grant for budget support (Linked to Record ID#22580)

Narrative

Full Description

Project narrative

In November 2005, the Chinese Government signed an agreement with Government of Guinea-Bissau to provide a $3.7 million grant to address the country’s fiscal deficit and support other unspecified projects. The agreement was signed by China’s Deputy Foreign Minister Lee Guozeng. This transaction is referenced in Deborah Brautigam's book 'The Dragon's Gift.' She writes that “[j]ust after its 2005 election, Guinea-Bissau... received a cash transfer of about $4 million to help pay public workers' salaries.” However, according to a Chinese news source, only $1 million of the $3.7 million contribution went to budget support and the remaining $2.7 million was earmarked for refurbishing military barracks and a military officers’ mess in Bissau (see Record ID#22580).

Staff comments

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