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Chinese government grants 50 million RMB through Economic and Technical Cooperation Agreement (February 2016)
| Funder | China Ministry of Commerce |
|---|---|
| Recipient Organization | Government of Ecuador |
| Country | Ecuador |
| Start Date | Feb 16, 2016 |
| End Date | Jan 10, 2028 |
| Duration | 4,346 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 88243 |
Grant Description
On February 16, 2016, the governments of China and Ecuador signed an Economic and Technical Cooperation Agreement (ETCA) that provided a grant of 50 million RMB to the government of Ecuador. At the time the agreement was signed, the projects to be funded by this grant were unspecified. It remains unknown what the grant will be used for.
Banking procedures were to be handled by the Central Bank of Ecuador (Banco Central del Ecuador) and China Development Bank
Sources & References
CONVENIO DE COOPERACIÓN ECONÓMICA Y TÉCNICA ENTRE EL GOBIERNO DE LA REPÚBLICA DEL ECUADOR Y EL GOBIERNO DE LA REPÚBLICA POPULAR CHINA 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.
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Government of Ecuador
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