Chinese Government Provides RMB 20 Million via a November 2008 ETCA Due to 2008 Global Recession

$20M USD

Funder	China Ministry of Commerce
Recipient Organization	Government of Seychelles
Country	Seychelles
Start Date	Nov 13, 2008
End Date	Apr 22, 2033
Duration	8,926 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`55717`

Grant Description

On November 13, 2008, the Chinese Government signed an Economic and Technical Cooperation Agreement (ETCA) committing to grant $1.46 million USD in cash assistance to the Government of Seychelles in light of the 2008 global recession. The check was officially handed over on December 26, 2008.

📚 Sources & References

I am assisting Seychelles with $1.46 million in cash to sign the handover certificate.
President holds talks with China’s Congress chief
Chairman of China’s Congress ends busy 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.