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Chinese Government provides RMB 30 million grant — via ETCA — for unspecified purposes
| Funder | China Ministry of Commerce |
|---|---|
| Recipient Organization | Central Bank of Egypt |
| Country | Egypt |
| Start Date | Jan 23, 2002 |
| End Date | Nov 17, 2027 |
| Duration | 9,429 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 463 |
Grant Description
On January 23, 2002, Egypt's President Hosni Mubarak and China's President Jiang Zemin signed an Economic and Technical Cooperation Agreements (ETCA), which committed RMB 30 million of grant funding for unspecified purposes. The agreement was signed in both Arabic and Chinese.
On May 14, 2002, Egyptian presidential resolution no. 112 (year 2002) specified that the grant would be disbursed through an account established between the Central Bank of Egypt and the Bank of China.
According to the same presidential resolution, a future exchange of letters between the two governments would determine how the grant proceeds from the ETCA would be allocated.
Then, on September 7, 2002, Egyptian Presidential resolution no. 93 officially approved the Egyptian government's acceptance of the grant.
Sources & References
- China
- Egypt Ink Agreements On Tourism
- Oil
- Nuclear Pwr
- MUBARAK BACK HOME AFTER CHINA VISIT
- Approval of the Agreement on Economic and Technical Cooperation between the Government of the Arab Republic of Egypt and the People's Republic of China
- 江泽民主席与穆巴拉克总统举行会谈
- CHINA MUBARAK
- Egyptian President Mubarak To Visit China in January 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
Central Bank of Egypt
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