Chinese Government pledges $5 billion for agriculture and housing projects

$5M USD

Funder	Unspecified Chinese Government Institution
Recipient Organization	Government of Zimbabwe
Country	Zimbabwe
Start Date	Jul 01, 2016
End Date	Apr 01, 2033
Duration	6,118 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`52600`

Grant Description

In July 2016, the Chinese Government negotiated a $5 billion USD financial rescue package deal for Zimbabwe to fund agriculture and housing projects. The package allocates $4 billion USD to agriculture productivity and $1 billion USD to urban low-cost housing.

The funding appears to be a grant from the Chinese Government, and the aid package was independent of any IMF conditions.

📚 Sources & References

The Not-so-Minor China Presence in Zimbabwe
China shells out US$5bn for Zim 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.