China provides 70 million RMB grant (Linked to Record ID#30618, #30225)

Funder	China (People's Republic of)
Recipient Organization	Mali
Country	Mali
Start Date	Mar 21, 2011
End Date	Jul 31, 2027
Duration	5,976 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`30613`

Grant Description

On September 21, 2011, during a visit for the inauguration of a bridge built in Bamako, the Chinese Assistant Minister of Commerce Yu Jiahua signed an agreement with Mali's Minister of Foreign Affairs and International Cooperation Soumeylou Maiga Boubèye. One portion of the agreement was a grant worth 70 million CNY (approximately 5.1 billion CFA francs (XOF)).

The total agreement was worth more than 54 billion CFA francs (XOF).

The grant was projected to be used to finance projects identified by the Malian government to improve the population's living conditions. 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.