Overview

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 Record ID# 93016)

Commitments (Constant USD, 2023)$15,676,408

Commitment Year•2021Country of Activity•Democratic Republic of the CongoDirect Recipient Country of Incorporation•Democratic Republic of the CongoSector•Government And Civil SocietyFlow Type•Grant

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Jan 1, 2021

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 the Democratic Republic of the Congo

Loan description

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 Record ID# 93016)

Narrative

Full Description

Project narrative

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 (Record ID#93106), and donated 100,000 vaccines (see: Record ID#97692). These agreements were signed along with an agreement for the DRC to enter the Belt and Road Initiative (BRI).