China pledges loan of 8 million USD to the Planning and Budget Office of Uruguay

$8M USD

Funder	Unspecified Chinese Government Institution
Recipient Organization	Planning and Budget Office of Uruguay (OPP)
Country	Uruguay
Start Date	Jun 01, 2011
End Date	Aug 15, 2029
Duration	6,650 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`37108`

Grant Description

China pledges loan of 8 million USD to the Planning and Budget Office of Uruguay In 2011, during the visit of then Chinese Vice President Xi Jinping, Chinese ambassador to Uruguay announced that China would provide an interest-free loan worth 8 million USD to Uruguay. This money would be received by the Uruguayan Office of Planning and Budget.

The current state of this project is unknown.

📋 Staff Comments

This loan resembles the types of loans extended in Economic and Technical Cooperation Agreements between China and Uruguay. The project has therefore been coded as a Credit Line and an Umbrella. However, it is difficult to find details related to this project beyond the initial Pledge.

📚 Sources & References

El vice de China en visita oficial 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.