Chinese Government provides $100 million USD in financial aid to Nepal through ETCA in December 2008

$100M USD

Funder	China Ministry of Commerce
Recipient Organization	Government of Nepal
Country	Nepal
Start Date	Dec 03, 2008
End Date	Sep 24, 2033
Duration	9,061 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`43178`

Grant Description

On December 3, 2008, Chinese Foreign Minister Yang Jiechi signed an economic and technical cooperation agreement (ETCA) in which Beijing is expected to provide USD 100 million financial assistance to Nepal, Prime Minister Prachanda's foreign affairs advisor, Hira Bahadur Thapa, told PTI.

📚 Sources & References

China to provide massive economic aid to Nepal
Nepali Prime Minister Prachanda Meets with Yang Jiechi ——The Foreign Ministers of the Two Countries Hold Talks
Prachanda ready for second China trip 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.