and Chief Justice (#40014)

$40M USD

Funder	China Ministry of Commerce
Recipient Organization	Trust Fund of the Federal States of Micronesia
Country	(2) $1.7 million USD for construction of four official residences of the President
Start Date	Mar 23, 2004
End Date	Mar 18, 2029
Duration	9,126 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`According to Standing Committee Report No. 13-149`

Grant Description

an official from Micronesia's Ministry of Foreign Affairs proposed three ways to spend this money: (1) $830 and (3) $2.3 million USD for the Airport/Terminal renovation in Chuuk (#40074)."

📋 Staff Comments

There was originally no transaction amount for the Tuna Commission project (#40075), but some basic math produced the $830,000 USD figure. No sources corroborate this estimate. Although no sources indicate whether this ETCA is a grant or interest-free loan, all three sub-projects appear to be grant-financed so therefore this ETCA must also be a grant.

📚 Sources & References

President Urusemal strengthens bilateral ties during China visit
Congressional Resolution NO.13-96
Partial Timeline of China - to - FSM Aid and Development Projects , 2000 - 2011
胡锦涛与密克罗尼西亚联邦总统会谈
STANDING COMMITTEE REPORT NO. 13-149 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.