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MOFCOM provides RMB 130 million grant - through economic and technical cooperation agreement (ETCA) - after floods (Linked to Record ID#52286)
| Funder | China Ministry of Commerce |
|---|---|
| Recipient Organization | Government of Malawi |
| Country | Malawi |
| Start Date | Jan 29, 2015 |
| End Date | Aug 17, 2033 |
| Duration | 6,775 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 52283 |
Grant Description
On January 29, 2015, the Chinese Government and the Government of Malawi signed two economic and technical cooperation (ETCA) agreements in the aftermath of the worst floods to hit the country since independence.
This first agreement was an RMB 130 million (US$25 million) grant agreement and the second agreement was an RMB 50 million (US$8 million) interest-free loan.
The proceeds from the interest-free loan and the grant (this project) were to be used to deal with the aftermath of the floods which had inundated nearly all the districts across the country.
Malawi's Minister of Finance, Goodall Gondwe, said that the grant proceeds would be used to expand Thyolo Secondary School, renovate technical colleges, drill boreholes in various districts around the country, provide technical cooperation for Bingu National Stadium, and maintain the newly-constructed Parliament Building.
It is unknown if the funds were ever disbursed, and if so when. However, the proceeds from this grant were likely used to support Record ID#52324, Record ID#57896.
Staff Comments
This project is linked to project #52286 (where China gives an interest-free loan to Malawi for school and borehole projects) --the RMB 50 interest-free loan that was also committed on January 29, 2015.
Sources & References
- China gives $24m to flood-hit Malawi
- China Gives Malawi $24m humnaitarin aid: Chinese Community Donate K10m
- China Gives Malawi $24m Humanitarian Aid
- 中马经济技术合作协定在利隆圭签署
- China approves K855bn Malawi projects
- President Mutharika Announces Multi Billion Kwacha Projects Financing from China for 7 priority Projects
- Malawi to use China's K7.5 bn grant to expanding Thyolo School, technical cooperation at Bingu Stadium 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.
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Government of Malawi
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