China signs Economic and Technical Cooperation Agreement granting 20 million RMB to Micronesia

Funder	China (People's Republic of)
Recipient Organization	Micronesia
Country	Micronesia
Start Date	Jun 19, 2007
End Date	Aug 09, 2027
Duration	7,356 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`40039`

Grant Description

On December 20, 2007 during the Micronesian president's official visit to Beijing, Chinese and Micronesian government officials signed an economic and technical cooperation agreement (ETCA) granting 20 million RMB (roughly $2.7 million in 2007 USD) for unspecified purposes. It was ratified by Micronesia's congress on 20 February 2008.

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.