Chinese Government pledges $60 million loan for agricultural development

$60M USD

Funder	Unspecified Chinese Government Institution
Recipient Organization	Government of Equatorial Guinea
Country	Equatorial Guinea
Start Date	Jan 01, 2006
End Date	Jun 23, 2027
Duration	7,843 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`12776`

Grant Description

Chinese Government pledges $60 million loan for agricultural development In January 2007, Li Zhaoxing, China’s foreign minister, traveled to Africa, visiting Chad, Benin, Mozambique, the Central African Republic, Equatorial Guinea and Eritrea, none of which maintain diplomatic relations with Taiwan.

During this trip, Zhaoxing signed an agreement with the Government of Equatorial Guinea in Malabo to provide a US$60 million loan for agricultural development purposes.

The purpose of the loan is to improve access to develop an efficient, safe, substantial, and environmentally sound transport system in order to compete in the global market economy.

📚 Sources & References

Change in anti-Taipei diplomacy
赤几领导人会见李肇星外长 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.