Author: Lobsang Tenchoe

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Tibet Fund issues statement to confirm $ 1.5 million loan to grant agreement

By Lobsang Tenchoe

DHARAMSALA, Dec 7:The amount of $ 1.5 million was Tibet Fund’s loan to the Office of Tibet to facilitate the purchase of the Central Tibetan Administration’s(CTA) North American mission in DC, but both the parties have ‘hoped’ and ‘expected’ the loan to be forgiven and convert it to a grant in the future, Tibet Fund says in its statement to clarify its position on the much talked about issue within the Tibetan community.

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