Active Development AidData Chinese Aid

China grants 20 million RMB to Peruvian government through September 2011 ETCA (Linked to Record ID#71714 and #73527)

¥20M RMB

Funder	China Ministry of Commerce
Recipient Organization	Peru
Country	Peru
Start Date	Sep 23, 2011
End Date	Feb 09, 2028
Duration	5,983 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`36351`

Grant Description

On September 23, 2011, the Governments of China and Peru signed a bilateral Economic and Technical Cooperation Agreement (ETCA), in which the former granted the latter 20 million Yuan.

Both the Development Bank of China and the Bank of Nation of Peru (Banco de la Nación del Perú) are managing the financial portion of the agreement.

The agreement did not go into effect until December 9, 2014, which was later confirmed by the Ministry of Foreign Affairs of Peru and the Embassy of Peru in China.

At the time of signing, the money was expected to be used in Peru's education, culture, and health sectors, though the specific projects were unspecified in the agreement.

On November 12, 2014, Letters of Exchange were signed pledging the grant funds to the construction of COEN - the National Emergency Operations Center, with all 20 million RMB originally budgeted for this project (Record ID#71714).

Subsequent reports did not confirm that the grant from this ETCA was ultimately used, however, while other ETCAs were confirmed.

📋 Staff Comments

Project #73527 has sources which cite this ETCA as its funding source. However, official sources published much later show the full balance was still available in 2014 (see “[Decreto Supremo No. 009-2015-RE and other documents],” pg. 40). Further, because the agreement did not actually enter into force until the end of 2014, it seems unlikely that project #73527 was ultimately funded by this agreement.

📚 Sources & References

Peru
China sing $3m co-op agreement
CONVENIO DE COOPERACIÓN ECONÓMICA Y TÉCNICA ENTRE EL GOBIERNO DE LA REPÚBLICA DEL PERÚ Y EL GOBIERNO DE LA REPÚBLICA POPULAR CHINA.
商务部副部长蒋耀平代表中国政府与秘鲁签订经济技术合作协定和援助换文
Director Ejecutivo de APCI participa en inauguración de nueva sede del COEN, 2005-2017 [Peru: Tratados y Documentos Internacionales], [Decreto Supremo No. 009-2015-RE and other documents]
CONVENIO DE COOPERACIÓN ECONÓMICA Y TÉCNICA ENTRE EL GOBIERNO DE LA REPÚBLICA DEL PERÚ Y EL GOBIERNO DE LA REPÚBLICA POPULAR CHINA 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

Peru

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