China donates 100 million RMB to Peru through economic and technical cooperation agreement (Linked to Record ID#56431 and #37820)

Funder	China (People's Republic of)
Recipient Organization	Peru
Country	Peru
Start Date	Sep 03, 2015
End Date	Jul 21, 2027
Duration	4,339 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`62361`

Grant Description

On May 22, 2015 the Chinese Minister of Commerce, Gao Hucheng, and the Peruvian Minister of Foreign Affairs, Ana María Liliana Sánchez Vargas de Ríos, signed an Economic and Technical Cooperation Agreement for 100 million RMB between the two countries. The agreement was ratified on August 7, 2015, and effective as of February 5, 2016.

The China Development Bank and the Bank of the Nation of Peru determined the banking technical procedure for the execution of the Agreement. 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.