Project ID: 95919

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

Commitment amount

$ 100515330.21486591

Adjusted commitment amount

$ 100515330.21

Constant 2021 USD

Summary

Funding agency [Type]

Unspecified Chinese Government Institution [Government Agency]

Recipient

Sri Lanka

Sector

Other multisector (Code: 430)

Flow type

Grant

Infrastructure

Yes

Category

Intent

Development (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

ODA-like (The next section lists the possible statuses.)

Official Development Assistance

Other Official Flows

Vague (Official Finance)

Flows categorized based on OECD-DAC guidelines

Project lifecycle

Status

Completion (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2020-10-11

Description

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."

Number of official sources

0

Number of total sources

5

Download the dataset

Details

Cofinanced

No

Direct receiving agencies [Type]

Government of Sri Lanka [Government Agency]