China offers US$1.63 million per year to SAARC through 2018

$1.63M USD

Funder	Unspecified Chinese Government Institution
Recipient Organization	Asia, regional
Country	Asia, regional
Start Date	Jan 01, 2015
End Date	Oct 20, 2031
Duration	6,136 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`54060`

Grant Description

In 2015, it was reported that China was to give US$1.63 million per year to the SAARC (South Asian Association for Regional Cooperation) per year through 2018. China, currently an observer in SAARC, has been attempting to become a full member of SAARC since 2006.

While there is no indication SAARC accepted the funds, China is also believed to have set aside $550k for a "SAARC development fund" should that status ever change.

📚 Sources & References

Looming China
China and the South Asian Association of Regional Cooperation
China Makes Inroads Into India's Backyard
Chinese pressure blocked PM’s Lumbini visit 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.