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Chinese Government provides a $8.6 million USD grant for unspecified purposes (Linked to Record ID#69383)
| Funder | China Ministry of Commerce |
|---|---|
| Recipient Organization | Government of Grenada |
| Country | Grenada |
| Start Date | Dec 30, 2008 |
| End Date | Feb 10, 2026 |
| Duration | 6,251 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 69386 |
Grant Description
On December 30, 2008, the Chinese Government and the Government of Grenada signed an Economic and Technical Cooperation Agreements (ETCA) in which the Chinese Government committed approximately $8.6 million USD in grant funding to the Government of Grenada for projects, such as affordable housing, to be mutually agreed upon by the two governments.
China Development Bank (CDB) and the Ministry of Finance of Grenada signed a pair of banking agreements on the accounting procedures for the disbursement of the grant aid allocated in these ETCAs on December 3, 2009.
The ETCAs came in continuation with the Memorandum of Understanding (MoU) signed between Grenada and China on January 20, 2005 upon the establishment of diplomatic relations between the two countries, as captured by linked Record ID#69383.
Staff Comments
As this is an ETCA, which is a financing mechanism specific to China's Ministry of Commerce (MOFCOM), AidData has coded MOFCOM as the specific Chinese Government institution responsible for providing this grant.$8.6 million USD is an estimate. 'Grenada: Inside Finance Volume 5, Issue 6, November - December 2009' states that the Chinese Government provided two grants worth a combined RMB 100 million ($14.6 million USD) to Grenada in two ETCAs signed on December 30, 2008 (captured by this project) and June 17, 2009 (captured by project ID#85822). The value of the grant provided in the June 2009 ETCA was $6 million USD; therefore, the value of the grant captured by this project must have been approximately $8.6 million USD ($14.6 million - $6 million = $8.6 million USD). AidData has coded accordingly.
Sources & References
- Grenada to receive 6m dollars from China
- Grenada: Inside Finance Volume 5
- Issue 6
- November - December 2009
- China donates 1m dollars to Grenada 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 Grenada
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