China Grants 256 Million Birr for Development Projects to Ethiopia in ETCA (Linked to Record ID#30239, #60179)

$256M USD

Funder	China Ministry of Commerce
Recipient Organization	Ethiopia Ministry of Finance and Economic Development
Country	Ethiopia
Start Date	Sep 01, 2012
End Date	Aug 11, 2028
Duration	5,823 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`30238`

Grant Description

In September of 2012, the Chinese government gave a monetary grant and a 200 million ETB soft loan (ID #30239) totaling 23 million USD to Ethiopia. The first portion is a 256 million ETB grant.

The grant money is for the support of development activities within the country, but it is unclear as to which projects will be financed. This financing is part of an Economic and Technical Cooperation Agreement (ETCA) (Record ID#60179).

The agreement was officially signed on October 29, 2012, by State Minister of Finance and Economic Affairs, Ahmed Shide, and Charge d'Affairs at the Chinese Embassy, Wei Hontian.

📚 Sources & References

China extends $25mn loan, grant to Ethiopia
China and Ethiopia to further cooperation
ETHIOPIA SIGNS 456 MILLION BIRR GRANT AND LOAN AGREEMENTS WITH CHINA
Ethiopia signs 456m Birr grant, loan agreements with China (Oct 30, 2012)
Ethiopia Signs 456 Million Birr Grant With China 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.