Chinese Government provides $1.2 million grant in Economic and Technical Cooperation Agreement

📋 Staff Comments

One source points to a transaction amount of $3 million (see '玻利维亚与中国签署卫生和教育合作协议') and suggests this $3 million was split over two agreements. Another source lists an amount of $1,571,764 loaned in November 2006 through an ETCA (see 'Are Chinese Economic Actors Poised to Dominate Latin American Economies? A View from Bolivia and Chile'). This could be a confusion of grant/loan, but it is also possible this agreement included both a grant and a loan, or two ETCAs were signed on the same day. However, no such loan appears in debt registries for the Central Bank of Bolivia. The original amounts were in Renminbi, but the exact numbers are unknown, only approximations in USD.staff note). The agreement was not ratified, however, until November 28, 2011. According to the Chinese Ambassador Zhao Hui, relations between the two nations are 'continually being developed.' The funding will allow for Bolivia to acquire ambulances and computers and will also contribute to the government's fight against poverty.

📚 Sources & References

• China tiende línea de cooperación hacia Bolivia
• 玻利维亚与中国签署卫生和教育合作协议
• Ley Nº 192, 28 de noviembre de 2011
• Are Chinese Economic Actors Poised to Dominate Latin American Economies? A View from Bolivia and Chile 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.