MOFCOM provides RMB 30 million grant — via ETCA — for unspecified activities (Linked to Record ID#64779)

📋 Staff Comments

According to the people daily's article, on December 21, 2003, China provided interest-free loans of 20 million yuan in addition to a Chinese grant of 30 million yuan to contribute to the implementation of Yemeni economic and technical projects. An article in the International Journal of Management and Applied Science suggests that this financial commitment was used in conjunction with an RMB 20 million interest-free loan (captured in Project ID#64779) to finance the acquisition of highway construction and asphalting equipment for use in the capital city of Sana'a. Also, the BBC news reported that, previously on December 23, 2002, a technical cooperation protocol was signed between the government of Yemen and the government of China whereby China granted Yemen a loan worth 50 million yuan totally for developing Yemeni road network. This issue merits further investigation.

📚 Sources & References

• Yemen
• China sign technical cooperation protocol, قرابة 6 ملايين دولار من الصين لمساعدة اليمن فى تنمية المشروعات الاقتصادية صحيفة الشعب اليومية على الخط
• THE YEMEN-CHINA ECONOMIC
• COMMERCIAL
• AND TECHNICAL RELATIONS DURING ALI ABDULLAH SALEH'S ADMINISTRATION FROM 1990 TO 2012
• 中国向也门提供筑路设备合同的签署 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.