China Grants USD 250 thousand to the Federal Micronesian Government(Linked to Record ID#61558)

Funder	China (People's Republic of)
Recipient Organization	Micronesia
Country	Micronesia
Start Date	Sep 11, 2005
End Date	Nov 05, 2030
Duration	9,186 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`61583`

Grant Description

Based on the release from the Congress of the Micronesia, on November 28, 2005, Micronesian officials signed an agreement with Chinese officials in Palikir for a grant of $2.5 million USD (link to Record ID#61558).

USD 250 thousand of the grant was provided to the National Government of Micronesia as the capital contribution into the FSM Trust Fund. However, it is unknown whether Congress has approved it or the grant has provided to the National Government. 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.