Chinese Government provides a RMB 30 million grant — via a July 2023 ETCA — to Micronesia for unspecified purposes

¥30M RMB

Funder	China Ministry of Commerce
Recipient Organization	Government of the Federated States of Micronesia (FSM)
Country	Micronesia
Start Date	Jul 25, 2023
End Date	Dec 25, 2030
Duration	2,710 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`108807`

Grant Description

On July 25, 2023, a special envoy from China arrived in Micronesia to meet with Micronesian President Wesley W. Simina.

During the visit, the special envoy announced China's support of another economic and technical cooperation agreement to be signed, for projects to be later determined by the two governments, valued at RMB 30 million.

The visit with the President concluded with a signing ceremony of the announced economic and technical cooperation agreement.

The Federated States of Micronesia (FSM)’s Ambassador to China, Vincent Sivas, and China’s Ambassador to FSM, Wu Wei, signed the agreement on behalf of the two respective governments.

📚 Sources & References

President Wesley W. Simina receives China’s Special Envoy Minister Tang Renjian 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.