China Agrees to Provide Grenada with $13.7 Million in Aid
Government of China to Provide 100 Million Yuan for Mutually Agreed-upon Projects
The Government of China has agreed to provide Grenada with 100 million yuan for mutually agreed-upon projects. The financial support was signed in an agreement for economic and technical cooperation during Grenada’s Prime Minister’s recent official visit to China, which also included two other government ministers and several supporting staff.
Financial Support Details
The 100 million Chinese yuan is equivalent to US$13.7. This financial support was discussed during a special news conference on Thursday attended by China’s Ambassador to Grenada, Wei Hongtian.
History of Cooperation
Since resuming diplomatic relations, China has provided Grenada with millions in grants for capital and social projects. These include building athletic and cricket stadiums, repairing roads, and providing university scholarships and training for hundreds of young professionals.
Recent Visit to China
Prime Minister Dickon Mitchell, who headed the delegation, was the first Head of Government to visit China in 2025. He was accompanied by Ministers Lennox Andrews and Joseph Andall, who hold the ministerial posts of Economic Development and Foreign Affairs, respectively.
Aid Implementation
"The aid shall be used to implement mutually agreed projects," said the Ambassador. The projects that the agreement will cover are yet to be disclosed. "Both sides will set up an apparatus to decide how and when the grant will be distributed," said the Foreign Affairs Minister, who pointed out that Grenada will have to present a plan showing how the money will be utilized.
Additional Agreements
Besides the financial aid agreement, Grenada signed other documents that were either memorandums of understanding or memorandums of agreements. These documents cover a wide range of areas, including agriculture, energy and the environment, renewable energy, arts, culture and tourism, and the blue economy.
Conclusion
The agreement between China and Grenada marks a significant milestone in their cooperation. The financial aid will be used to implement mutually agreed-upon projects, and both sides will work together to decide how and when the grant will be distributed.
FAQs
- What is the amount of financial aid provided by China to Grenada?
The amount is 100 million yuan, equivalent to US$13.7. - What is the purpose of the financial aid?
The financial aid is to be used to implement mutually agreed-upon projects. - What are the areas of cooperation covered by the agreements?
The agreements cover a wide range of areas, including agriculture, energy and the environment, renewable energy, arts, culture and tourism, and the blue economy. - Who is the Ambassador of China to Grenada?
The Ambassador is Wei Hongtian.
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