China and Micronesia sign Economic and Technical Cooperation Agreement worth 10 million RMB

Funder	China (People's Republic of)
Recipient Organization	Micronesia
Country	Micronesia
Start Date	Sep 22, 2006
End Date	Oct 14, 2033
Duration	9,884 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`61586`

Grant Description

On 30 July 2006 during the Chinese Foreign Minister's visit to Micronesia, the two parties signed an economic and technical cooperation agreement (ETCA) worth 10 million RMB (roughly $1 million USD) for unspecified purposes. It is unclear if this ETCA is a grant or interest-free loan. 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.