China and Micronesia sign an Economic and Technical Cooperation Agreement (Linked to Record ID#64510, #63835)

Funder	China Ministry of Commerce
Recipient Organization	Government of Micronesia, Federated States of
Country	Micronesia
Start Date	Dec 26, 2008
End Date	Feb 23, 2027
Duration	6,633 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`73613`

Grant Description

On 26 December 2008, a Chinese government official signed an economic and technical cooperation agreement (ETCA) granting an unspecified amount of money to the Government of Micronesia.

It was used to finance at least the two following subprojects: Yap ship repair project (#64510) and a biogas training project worth 1.3 million RMB (#63835). It is unclear if these two projects drew down all of this ETCA's funds.

📋 Staff Comments

No sources explicitly categorize this ETCA as a grant or interest-free loan. However, based on the nature of the known sub-projects, this ETCA is most likely a grant.

📚 Sources & References

The Chinese Government Provide Grant to the Disaster-Relief Work of the FSM Government
C.R. NO. 17-49
China Agrees to Pay for Maintenance of Yap Vessel 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.