China Ministry of Commerce provides RMB 700 million grant for Emergency Cash Support Project

¥700K RMB

Funder	China Ministry of Commerce
Recipient Organization	Government of Cuba
Country	Cuba
Start Date	Jan 18, 2023
End Date	Oct 10, 2030
Duration	2,822 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`108299`

Grant Description

On January 18, 2023, the Chinese Government and the Government of Cuba signed an RMB 700 million grant agreement for the Emergency Cash Support Project.

The agreement was signed by Rodrigo Malmierca Díaz, Cuba’s Minister of Foreign Trade and Foreign Investment and China’s Minister of Commerce. The purpose of the project is to provide emergency cash support to the Government of Cuba.

📚 Sources & References

Suscribimos Convenio Cooperación oficializa donativo 700 MM RMB (100 MM USD) otorgado por Gobierno #China durante visita Pte @DiazCanelB noviembre 2022, cta de Entrega y Recepción de Donativo de Emergencia en efectivo, entre el Gobierno de la República de Cuba y el Gobierno de la República Popular China.
Cuba y China firman 12 acuerdos
Oficializa China donativo de 100 millones de dólares a Cuba Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.