Project ID: 16248

Chinese Government cancels RMB 210 million of the Government of Chad’s outstanding obligations

Commitment amount

$ 49675885.217337795

Adjusted commitment amount

$ 49675885.22

Constant 2021 USD

Summary

Funding agency [Type]

China Ministry of Commerce [Government Agency]

Recipient

Chad

Sector

Action relating to debt (Code: 600)

Flow type

Debt forgiveness

Infrastructure

No

Category

Intent

Development (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

ODA-like (The next section lists the possible statuses.)

Official Development Assistance

Other Official Flows

Vague (Official Finance)

Flows categorized based on OECD-DAC guidelines

Project lifecycle

Status

Completion (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2007-01-04

Actual start

2007-01-04

Actual complete

2007-01-04

Description

On January 4, 2007, the Chinese Government and the Government of Chad signed a debt exemption protocol, which cancelled RMB 210 million of the Government of Chad’s outstanding debt obligations. These debts resulted from three interest-free loans and two military aid loans that the Government of Chad previously contracts. The three interest-free loans included an RMB 100 million loan that was contracted on September 20, 1973, an RMB 60 million loan that was contracted on June 28, 1990, and an RMB 50 million loan that was contracted on November 27, 1992.

Additional details

This loan forgiveness project is not marked as umbrella since the loans contracted are before 2000 so there is no risk of double counting.

Number of official sources

0

Number of total sources

7

Download the dataset

Details

Cofinanced

No

Direct receiving agencies [Type]

Government of Chad [Government Agency]