Chinese Government provides a RMB 500 million grant - via an October 2016 ETCA - for unspecified purposes

¥500K RMB

Funder	China Ministry of Commerce
Recipient Organization	Government of Bangladesh
Country	Bangladesh
Start Date	Oct 14, 2016
End Date	Sep 03, 2026
Duration	3,611 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`69393`

Grant Description

On October 14, 2016, the Chinese Government and the Government of Bangladesh signed an Economic and Technical Cooperation Agreement (ETCA) in which the Chinese Government committed RMB 500 million ($74.452 million USD) in grant funding to Bangladesh for unspecified purposes.

This grant was one of the 27 agreements signed by China and Bangladesh during of Chinese President Xi Jinping's visit to Bangladesh. The total value of the 27 projects of the MoU is reportedly worth about USD 20 billion.

📋 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.

📚 Sources & References

Detailed Commitments by Development Partners
China
Bangladesh lift ties to strategic partnership of cooperation
Bangladesh-China Joint Statement
Bangladesh
China sign 27 deals as President Xi visits Dhaka
China
Bangladesh lift ties to strategic partnership of cooperation, press release 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.