Chinese Government provides $12 million to the Federated States of Micronesia under New Economic Cooperation Agreement

📋 Staff Comments

1. AidData assumes that this project was financed with a Chinese Government grant for the time being. This issue warrants further investigation.
2. It is unclear whether this project is an ETCA because the source only indicates it is an economic cooperation project. This issue warrants further investigation.

📚 Sources & References

• Great Friendship taken to a New High: President Panuelo Meets President Xi Jinping & Premier Li (China State Visit Day Two)
• 习近平同密克罗尼西亚联邦总统帕努埃洛会谈 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.