Chinese Government provides $1 million grant for budget support (Linked to Record ID#22580)

$1M USD

Funder	Unspecified Chinese Government Institution
Recipient Organization	Government of Guinea-Bissau
Country	Guinea-Bissau
Start Date	Nov 21, 2005
End Date	Apr 11, 2030
Duration	8,907 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`887`

Grant Description

In November 2005, the Chinese Government signed an agreement with Government of Guinea-Bissau to provide a $3.7 million grant to address the country’s fiscal deficit and support other unspecified projects. The agreement was signed by China’s Deputy Foreign Minister Lee Guozeng.

This transaction is referenced in Deborah Brautigam's book 'The Dragon's Gift.' She writes that “[j]ust after its 2005 election, Guinea-Bissau... received a cash transfer of about $4 million to help pay public workers' salaries.” However, according to a Chinese news source, only $1 million of the $3.7 million contribution went to budget support and the remaining $2.7 million was earmarked for refurbishing military barracks and a military officers’ mess in Bissau (see Record ID#22580).

📋 Staff Comments

Title amount and description amount mismatch

📚 Sources & References

http://www.macauhub.com.mo/en/2005/11/21/42/
China Provides Budgetary Support to Controversial New Regime in Guinea Bissau
The_Dragons_Gift_CH_4
The_Dragons_Gift_CH_4 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.