$15 million grant for development projects

$15M USD

Funder	Unspecified Chinese Government Institution
Recipient Organization	Government of Nepal
Country	Nepal
Start Date	Dec 03, 2008
End Date	Aug 05, 2028
Duration	7,185 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`34396`

Grant Description

On December 3rd 2008, China signed an agreement with Nepal to provide approximately 15 million USD in economic aid to Nepal. The aid will be used for road development, railway building, education scholarships, security, and tourism.

Chinese Foreign Minister Yang Jiechi and Nepali Foreign Minister Upendra Yadev signed the agreement on behalf of their respective governments.

📚 Sources & References

Chinese foreign minister signs Nepal aid deal
China to increase economic and security cooperation with Nepal 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.