Active Development AidData Chinese Aid

Chinese government grants 20 million RMB through November 2010 Economic and Technical Cooperation Agreement (Linked to Record ID#59286)

¥20M RMB

Funder	China Ministry of Commerce
Recipient Organization	Government of Ecuador
Country	Ecuador
Start Date	Nov 17, 2010
End Date	Aug 07, 2027
Duration	6,107 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`88177`

Grant Description

On November 17, 2010, the governments of China and Ecuador signed an Economic and Technical Cooperation Agreement (ETCA) that granted 20 million RMB to the government of Ecuador. At the time the agreement was signed, the projects to be funded by the grant were unspecified.

However, on September 28, 2012, the two governments signed Letters of Exchange, committing funds from this ETCA, as well as two others signed November 20, 2007 and November 24, 2009, to be used for the acquisition of two MT1213LT mobile container scanners (see Record ID#59286).

The equipment and related costs were worth 42 million RMB total, and between 13.45 million RMB and the full 20 million RMB from this grant was used. However, the precise amount of the project cost covered by this ETCA is unknown. Any additional sub-projects are also unknown. Banking procedures for the ETCA were handled by the Central Bank of Ecuador and China Development Bank.

📋 Staff Comments

This umbrella project has been created because, although there is a high likelihood the entire grant amount was used for the 2012 scanner project (#59286), there is some uncertainty.The 2012 scanner project was funded by three ETCAs (grants from November 20, 2007; November 24, 2009, and November 17, 2010). Even when accounting for the other projects that were funded by the November 20, 2007 agreement (see project #88148), up to 48.55 million RMB is available between them, with the 2012 scanner project only costing 42 million RMB.This indicates that, while it is unlikely, it is possible that this particular ETCA, signed November 17, 2010, funded (an) additional subproject(s).It is known between 13.45 and 20 million RMB of this grant were used, because the November 24, 2009 ETCA granted 10 million RMB, and of the November 20, 2007 ETCA grant, 18.55 million RMB, maximum, was available (see #88148 for more information). 42 million RMB - (18.55 million RMB + 10 million RMB) = 13.45 million RMB.

📚 Sources & References

CONVENIO DE COOPERACiÓN ECONÓMICA Y TÉCNICA ENTRE EL GOBIERNO DE LA REPÚBLICA DEL ECUADOR Y EL GOBIERNO DE LA REPÚBLICA POPULAR CHINA
Letter of Exchange Nro. 6332/GM/SAAO/DRBAAO/2012 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.