Loading grant details…
Chinese Government provides USD $17 million in financial support to the Government of the Democratic Republic of the Congo (DRC) in January 2021 (linked to Record ID# 93016)
| Funder | Unspecified Chinese Government Institution |
|---|---|
| Recipient Organization | Government of the Democratic Republic of the Congo |
| Country | Democratic Republic of the Congo |
| Start Date | Jan 01, 2021 |
| End Date | Apr 18, 2027 |
| Duration | 2,298 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 93017 |
Grant Description
On January 7, 2021, it was announced that the Chinese Government provided USD $17 million in financial support to the government of the Democratic Republic of the Congo (DRC). The support was intended to alleviate burdens from the COVID-19 pandemic.
USD $15 million of the USD $17 million was intended to be channeled towards development projects and the remaining USD 2 million was intended to be used to support the DRC's mandate as head of the African Union bloc. The financial support was announced in a joint press conference between the Chinese and DRC governments in Kinshasa.
In addition to the financial support, the Chinese government provided RMB 180 million in debt forgiveness to the DRC government (Record ID# 93106), and donated 100,000 vaccines (see: Record ID# 97692). These agreements were signed along with an agreement for the DRC to enter the Belt and Road Initiative (BRI).
Sources & References
- China cancels Democratic Republic of Congo loans as it joins belt and road
- China cancels $28m of DR Congo debt to help virus fight
- DRC: Chinese companies increase stakes in cobalt and copper operations as DRC joins Belt and Road
- Chinese FM holds talks with DRC counterpart on bilateral cooperation
- Democratic Republic of Congo Says China Has Granted Pandemic-Linked Debt Relief
- Democratic Republic of Congo says China has granted pandemic-linked debt relief
- China extends debt relief to DR Congo amid COVID-19 crisis
- Congo says China has canceled its interest-free debt maturing end-2020
- China waives some of Congo debt to ease stress on economy
- Coopération : la Chine annule la dette du Congo
- China’s 2021 Progress Across The African Belt & Road Initiative 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.
All Grantees
Government of the Democratic Republic of the Congo
Interested in applying for this grant?
Complete our application form to express your interest and we'll guide you through the process.
Apply for This GrantQuick Summary
Related Grants
