Chinese Government provides RMB 50 million grant — via ETCA — for housing/harbor development projects

¥50M RMB

Funder	China Ministry of Commerce
Recipient Organization	Government of the Maldives
Country	Maldives
Start Date	May 30, 2010
End Date	Sep 26, 2033
Duration	8,520 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`34997`

Grant Description

On May 30, 2010, the Chinese Government and the Government of Maldives signed an Economic and Technical Cooperation Agreement (ETCA), which included an RMB 50 million grant for unspecified projects.

Maldives' Foreign Ministry Additional Secretary stated at the time that the grant might be used for housing construction and/or harbor development activities.

According to the Maldives President's Office, the grant was pledged during President's Mohamed Nasheed visit to China, and the money was intended to help the Maldives overcome the challenges after the global economic recession.

📋 Staff Comments

1. It is unclear is any subsidiary projects were ever funded with the proceeds from this grant agreement.

📚 Sources & References

Maldives
China sign grant agreement
Maldives
China sign US$7 million grant agreement
News Analysis: President Nasheed's China 'phobia'
President Nasheed holds talks with Chinese President Hu Jintao 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.