Active Development AidData Chinese Aid

MOFCOM provides RMB 50 million grant — via ETCA — for combatting bird flu and other unspecified purposes

¥50M RMB

Funder	China Ministry of Commerce
Recipient Organization	Central Bank of Egypt
Country	Egypt
Start Date	May 22, 2007
End Date	Apr 03, 2032
Duration	9,083 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`621`

Grant Description

On May 22, 2007, Chinese Deputy Minister of Commerce, Wei Jianguo, and Egyptian Minister of State for Economic Development, Osman Mohammed Osman, signed an Economic and Technical Cooperation Agreement (ETCA), which committed RMB 50,000,000 of grant funding for unspecified purposes. The agreement was recorded in Arabic and Chinese and signed in Cairo, Egypt, during an official goodwill visit.

According to the ETCA, some of the grant proceeds would be allocated in combating bird flu.

The agreement also stipulates that the remaining grant funds be allocated to Egyptian development projects as agreed upon at a later time through a formal exchange of letters.

The grant would be disbursed through an account established between the Central Bank of Egypt and China Development Bank, as specified in a separate agreement. On March 18t 2008, the ETCA was ratified by Egyptian Presidential Decision no. 90.

📋 Staff Comments

Egyptian Minister of State for Economic Development, Osman Mohammed Osman, signed the ETCA on behalf of the Egyptian Government at large. The Egyptian Minister of State position is that of a junior cabinet member in the Egyptian Government and is not associated with one particular ministry; instead, the position exists to achieve specific short term goals without altering the state's structure.

📚 Sources & References

NEWS IN BRIEF
The Agreement on Economic and Technical Cooperation between the Governments of the Arab Republic of Egypt and the People's Republic of China
吴邦国在中非企业合作大会上的演讲(2007-05-22), 5月22日，魏建国副部长和埃及经济发展国务部部长穆罕默德·奥斯曼分别代表各自政府签署有关援助协议
吴邦国会见埃及总理共同启动中埃经贸合作网站, قرار رئيس جمهورية مصر العربية رقم 90 لسنة 2008 بشأن الموافقة على اتفاق للتعاون الاقتصادى والفنى بين حكومتى جمهورية مصر العربية وجمهورية الصين الشعبية والموقع فى القاهرة بتاريخ 22/ 5/ 2007 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.