China MOFCOM provides Serbia an RMB 10 million grant through an ETCA in 2009 (Linked to Record ID#66907)

€10M EUR

Funder	China Ministry of Commerce
Recipient Organization	Government of Serbia
Country	Serbia
Start Date	Jan 01, 2009
End Date	Oct 29, 2030
Duration	7,971 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`85173`

Grant Description

According to the Annual Report on Activities and Results of NBS in 2011, NBS signed two banking arrangements with the China Development Bank Corporation for the disbursement of non-refundable aid approved under agreements on economic-technical cooperation between governments of the Republic of Serbia and the People’s Republic of China from 2006 and 2009.

The arrangements are worth CNY 10 million each (c. EUR 2 million in total) and will be implemented through projects agreed by the two governments. Record ID#66907 captured the 2006 ETCA, and Record ID#85173 captured the 2009 ETCA.

📋 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

NBS Annual Report on Activities and Results 2011 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.