Project ID: 1697

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

Commitment amount

$ 37099349.77

Constant 2017 USD

Summary

Funding agency [Type]

China Ministry of Commerce [Government Agency]

Recipient

Senegal

Sector

Action relating to debt (Code: 600)

Flow type

Debt forgiveness

Concessional

Yes

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 year

2006

Completion

2006

2006-02-08

Actual

Description

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

Additional details

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.

Number of official sources

2

Number of unofficial sources

10

Download the dataset

Details

Cofinanced

No

Receiving agencies [Type]

Government of Senegal [Government Agency]

Implementing agencies [Type]

Government of Senegal [Government Agency]