China and Micronesia sign Economic and Technical Cooperation Agreement worth 15 million RMB

Funder	China (People's Republic of)
Recipient Organization	Micronesia
Country	Micronesia
Start Date	Apr 14, 2003
End Date	Jun 14, 2028
Duration	9,193 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`61312`

Grant Description

On December 31, 2003, Chinese and Micronesian government officials signed an economic and technical cooperation agreement (ETCA) worth 15 million RMB for unspecified purposes. It is unclear if this ETCA is a grant or interest-free loan. The FSM congress approved the agreement on January 26, 2004. The sub-projects are unknown.

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.