Overview

Chinese Government cancels CFAF 11 billion of the Government of Senegal’s outstanding debt obligations

Commitments (Constant USD, 2023)$39,478,402

Commitment Year•2006Country of Activity•SenegalDirect Recipient Country of Incorporation•SenegalSector•Action Relating To DebtFlow Type•Debt forgiveness

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Jan 1, 2006

Start (actual): Feb 8, 2006

End (actual): Feb 8, 2006

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Funding agencies

Government Agencies

China Ministry of Commerce

Receiving agencies

Government Agencies

Government of Senegal

Implementing agencies

Government Agencies

Government of Senegal

Loan description

Chinese Government cancels CFAF 11 billion of the Government of Senegal’s outstanding debt obligations

Narrative

Full Description

Project narrative

In 2006, the Chinese Government agreed to cancel CFAF 11 billion of the Government of Senegal’s outstanding debt obligations.

Staff comments

This project is not marked as umbrella. Our dataset includes one loan project in 2005 to Senegal before this debt forgiveness, but the 2005 loan was not disbursed until 2013, so the 2005 project was not included in the 2006 loan forgiveness captured in this project.