China signs November 2014 Economic and Technical Agreement with Niue for Unspecified Purposes

Funder	China Ministry of Commerce
Recipient Organization	Government of Niue
Country	Niue
Start Date	Nov 01, 2014
End Date	Jul 23, 2029
Duration	5,378 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`64001`

Grant Description

In November 2014, China and Niue signed an agreement for Economic and Technical Cooperation.

On May 15, 2015, China Development Bank and Niue Treasury Department signed on the rules for bank account handling for the ETCA.

📋 Staff Comments

1. As ETCAs involve grants and interest-free loans, any financing from this project would be concessional. Additionally, ETCAs are financing mechanisms specific to China's Ministry of Commerce (MOFCOM), so AidData has coded MOFCOM as the specific Chinese Government institution responsible for providing this grant2. MOFCOM is the funder but the interest-free proceeds were to be disbursed through a CDB account established with a host country bank.

📚 Sources & References

中纽签署银行账务处理细则
新西兰国家概况 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.