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China pledges USD 50 million for support of Costa Rican municipal governments in June 2007
| Funder | Unspecified Chinese Government Institution |
|---|---|
| Recipient Organization | Government of Costa Rica |
| Country | Costa Rica |
| Start Date | Jun 01, 2007 |
| End Date | May 05, 2026 |
| Duration | 6,913 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 35528 |
Grant Description
On June 1, 2007, China pledged to make a donation to support Costa Rica's municipal governments.
The MOU related to the amount was released on Costa Rica's Ministry of Foreign Affairs (MREC)'s website, upon the Costa Rican news outlet La Nacional's leak of the agreement and subsequent public pressure to release its terms. The total value of the pledged donation was USD 50 million.
The funding was reportedly part of a 2007 financial package worth USD 130 million that Costa Rica negotiated with China in exchange for Costa Rica's recognition of the One-China policy.
Costa Rican President Óscar Arias stated that the donation would support the efforts of local governments to improve their capacity for tax collection, invest in academic infrastructure, road construction, domestic security, and support vulnerable populations within the country.
Sources & References
- China analiza donación de US$ 50 millones a municipios de Costa Rica
- China donaría $ 50 millones a municipios
- Beijing seeking to expand its foothold in Caribbean area
- China gives US$50 million to Costa Rica
- Gobierno promete aumentar recursos para municipios
- Report to Congress of the U. S. -China Economic and Security Review Commission
- Memorando de Entendimiento Entre el Gobierno de la República de Costa Rica y el Gobierno de la República Popular China sobre el Establecimiento de Relaciones Diplomáticas
- Cash Helped China Win Costa Rica’s Recognition 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 Costa Rica
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