China grants an additional 5 million ZAR in Grants for Development Projects in Lesotho, Linked to Record ID#913

$5M USD

Funder	Unspecified Chinese Government Institution
Recipient Organization	Government of Lesotho
Country	Lesotho
Start Date	Jan 01, 2001
End Date	Sep 22, 2028
Duration	10,126 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`922`

Grant Description

In December 2001, a signing ceremony was held for an economic and technical cooperation agreement between Lesotho and China.

According to the agreement, China would increase their development aid and interest-free loans from 10,000,000 to 15,000,000 ZAR, with most of the increase going to fund highways in eastern Lesotho to KwaZulu-Natal in South Africa. An updated status on this project cannot be found. See Record ID#913 for the previous write-off.

📚 Sources & References

CHINA ELIMINATES SOME LESOTHO DEBT. 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.