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Overview

Chinese Government provides $90 million grant to the Government of Sri Lanka in October 2020

Commitments (Constant USD, 2023)$92,856,044
Commitment Year•2020Country of Activity•Sri LankaDirect Recipient Country of Incorporation•Sri LankaSector•Other MultisectorFlow Type•Grant

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Oct 11, 2020
Start (actual)
Oct 11, 2020
End (actual)
Oct 11, 2020

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 Sri Lanka

Loan description

Chinese Government provides $90 million grant to the Government of Sri Lanka in October 2020

Narrative

Full Description

Project narrative

On October 11, 2020, the Chinese Government announced their provision of a USD $90 million grant to Sri Lanka. According to the Chinese Embassy, this grant will be used for medical care, education, and water supply improvements in Sri Lanka’s rural areas. These allocations are all in an effort to improve Sri Lanka following the COVID-19 pandemic. This grant comes two days after Sri Lanka’s President, Gotabhaya Rajapaksa, sought help from a visiting Chinese delegation in an effort to disprove the perception that China funded megaprojects are "debt traps."