Chinese Government provides USD $17 million in financial support to the Government of the Democratic Republic of the Congo (DRC) in January 2021 (linked to Project ID# 93016)
Commitment amount
$ 17000000.0
Adjusted commitment amount
$ 17000000.0
Constant 2021 USD
Summary
Funding agency [Type]
Unspecified Chinese Government Institution [Government Agency]
Recipient
Congo (DRC)
Sector
Government and civil society (Code: 150)
Flow type
Grant
Infrastructure
No
Category
Project lifecycle
Description
On January 7, 2021, it was announced that the Chinese Government provided USD $17 million in financial support to the government of the Democratic Republic of the Congo (DRC). The support was intended to alleviate burdens from the COVID-19 pandemic. USD $15 million of the USD $17 million was intended to be channeled towards development projects and the remaining USD 2 million was intended to be used to support the DRC's mandate as head of the African Union bloc. The financial support was announced in a joint press conference between the Chinese and DRC governments in Kinshasa. In addition to the financial support, the Chinese government provided RMB 180 million in debt forgiveness to the DRC government (Project ID# 93106), and donated 100,000 vaccines (see: Project ID# 97692). These agreements were signed along with an agreement for the DRC to enter the Belt and Road Initiative (BRI).
Additional details
Number of official sources
0
Number of total sources
11
Details
Cofinanced
No
Direct receiving agencies [Type]
Government of the Democratic Republic of the Congo [Government Agency]