China and Madagascar sign four deals worth $78 million [UMBRELLA for #60823, #19609, #1005]
Constant 2017 USD
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This project is classified as an "umbrella" project, and is connected to related projects.
Funding agency [Type]
Unspecified Chinese Government Institution [Government Agency]
Other multisector (Code: 430)
In July of 2007, four deals were signed for an approximate total of $78 million or about R557-million, following up on agreements made at the China-Africa summit in Beijing in November 2006. According to Misa Irodia, director of bilateral cooperation at the ministry of foreign affairs, the deals cover 'partial debt cancellation, an agreement on economic and technical cooperation, a preferential loan for the construction of a five-star hotel, and finally a deal for a donation of medicines.'
Donation of medicines may be referring to the recurring donation of medical equipment, see project ID #19694.
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Number of unofficial sources