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Chinese Government provides a RMB 50 million grant — via a 2017 ETCA — for the Youth's HUB Project
| Funder | China Ministry of Commerce |
|---|---|
| Recipient Organization | Government of Georgia |
| Country | Georgia |
| Start Date | May 08, 2017 |
| End Date | Oct 04, 2027 |
| Duration | 3,801 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 67087 |
Grant Description
On May 8, 2017, the Chinese Government and the Government of Georgia signed an Economic and Technical Cooperation Agreement (ETCA), in which the Chinese Government committed to provide RMB 30 million in grant funding for the Youth's HUB Project.
The Youth's HUB Project sought to create regional hubs with education spaces, sports, and other youth-centered activities. The funds were provided by the Chinese Government via China Development Bank (CDB).
According to August 2018 email correspondence between Georgia’s Ministry of Finance and AidData, this project was ongoing.
Staff Comments
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
- Chinese Government Grants to the Government of Georgia
- Request for List of Loans from Chinese Government Institutions to Georgia 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 Georgia
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