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Overview

The Chinese Embassy in Kiribati establishes AUD 2,050,000 Kiribati Sustainable Development Fund (SDF) in 2021 (linked to Record ID#92651)

Commitments (Constant USD, 2023)$1,421,346
Commitment Year•2021Country of Activity•KiribatiSector•Other MultisectorFlow 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

  • Chinese Embassy

Loan description

The Chinese Embassy in Kiribati establishes AUD 2,050,000 Kiribati Sustainable Development Fund (SDF) in 2021 (linked to Record ID#92651)

Narrative

Full Description

Project narrative

In 2021, the Chinese Embassy in Kiribati established the Kiribati Sustainable Development Fund (SDF) with AUD 2,050,000. Kiribati enterprises could submit their projects to the fund from late January to March 31st. The fund was for small grant amounts, solely for the project itself and not including follow-up costs. It focused on sustainable development, income generation, and livelihood improvement. If the application is approved, a MOU may be signed between the applicant, the Embassy, and related parties. The Embassy will provide funding in a cheque to approved projects of a registered organization in one-off payments or by installments. This project was part of a larger June 2021 livelihood grants project (see Record ID#92651). It is referred to as "small grant". The SDF was also carried out in 2020 (see Record ID#97310), 2022 (see Record ID#90055), and 2023 (#97257).