China signs ETCA with Central African Republic with grant for unspecified purposes (Linked to Record ID#56560)

Funder	China (People's Republic of)
Recipient Organization	Central African Republic
Country	Central African Republic
Start Date	Nov 23, 2012
End Date	Apr 23, 2033
Duration	7,456 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`56561`

Grant Description

On December 26, 2012, the Chinese ambassador and Central African Republic Minister of International Cooperation signed two separate economic and technical cooperation agreements (ETCAs) worth 13.7 billion CFA. This project captures the ETCA for a grant. The distribution of the funding between the two agreements is unknown.

It is also unknown what projects will be implemented with the provided funding. The other ETCA, for an interest-free loan, is captured by Record ID#56560.

The combined value of these two ETCAs was reported to be 13.7 billion CFA, but the breakdown between the two agreements is unclear so no transaction amount has been coded in either project. 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.