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Chinese Government pledges loan package worth more than $80 million for three projects
| Funder | Unspecified Chinese Government Institution |
|---|---|
| Recipient Organization | Government of Cambodia |
| Country | Cambodia |
| Start Date | Jan 01, 2012 |
| End Date | Jun 19, 2031 |
| Duration | 7,109 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 32230 |
Grant Description
Chinese Government pledges loan package worth more than $80 million for three projects The Chinese Government pledged more than $80 million USD for three concessional loans to Cambodia between September 1-2, 2012, which were expected to be signed in 2012. The specific sub-projects are unknown. On the same day, a grant of RMB 150 million was pledged (as captured in Record ID#32232).
According to reports, these grants and loans are given as a "gift" to thank Cambodia's cooperation in the ASEAN.
A summit of the 10 members of the Association of Southeast Asian Nations (ASEAN) in July failed to issue a joint communique for the first time in the group's 45-year history after disagreement over the wording of a section on territorial claims in the South China Sea.
Cambodia, which chairs ASEAN meetings this year, was accused by some countries in the group of stonewalling in support of its ally, China.
Staff Comments
This project does not have a transaction amount as the sources refer to the total amount as 'more than $80 million USD'; therefore, AidData cannot be certain of the actual transaction amount and errs on the side of caution.
Sources & References
- Beijing vows S$620m aid for Cambodia
- 中国向柬埔寨提供5亿美元贷款
- China grants ASEAN ally loans
- 柬官员称中国提供该国巨额优惠贷款
- China gives Cambodia aid and thanks for ASEAN help
- PM secures US$2 billion steel project from Chinese 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.
All Grantees
Government of Cambodia
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