Chinese Ministry of Commerce provides a $1.5 million USD grant for balance of payments support to Seychelles

$1.5M USD

Funder	China Ministry of Commerce
Recipient Organization	Seychelles Ministry for Investment, Entrepreneurship and Industry
Country	Seychelles
Start Date	Feb 10, 2007
End Date	Aug 26, 2033
Duration	9,694 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`2071`

Grant Description

In February of 2007, government officials of China and Seychelles signed a series of five agreements, one of which included a $1.5 million USD grant for balance of payment support. It is unclear how exactly the funds were used.

The accords were signed by Seychelles Minister for Industries, Investment and Technology Jacquelin Dugasse and China's Minister for Commerce Bo Xilai.

📚 Sources & References

Seychelles: Five agreements signed with China during President Hu Jintao's visit
Visit of China's President-Five accords signed
President Michel’s press conference-President Hu's visit historic 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.