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China signs ETCA with Uruguay including 10 million CNY grant
| Funder | China Ministry of Commerce |
|---|---|
| Recipient Organization | Government of Uruguay |
| Country | Uruguay |
| Start Date | May 23, 2009 |
| End Date | Jan 14, 2033 |
| Duration | 8,637 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 64301 |
Grant Description
On 23 March 2009, China and Uruguay signed an Economic and Technical Cooperation agreement including a 10 million CNY grant.
The Central Bank of Uruguay would associate this donation with AID Account No 2009/1, which would be managed by China Development Bank and the Central Bank of Uruguay. The specific projects to be financed by this grant are not specified in available resources.
Staff Comments
A 10 million CNY credit line was also extended on the same date via an ETCA (see project ID #37025).AidData has coded the funding agency as MOFCOM as it is the sole administrator of China’s interest-free loan program. The sources that underpin this project record suggest that China Development Bank was the funding agency. However, this very likely reflects the fact that MOFCOM disbursed the loan through a bank account that the borrower established with China Development Bank.
Sources & References
- Convenio de Cooperacion Economica y Tecnica, el 23 de Marzo de 2009
- Firman memorando de entendimiento y cooperación para el comercio y las inversiones
- 中国同乌拉圭的关系 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.
All Grantees
Government of Uruguay
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