China cancels $2.7 million of Rwanda's outstanding debt obligations
Constant 2017 USD
Funding agency [Type]
Unspecified Chinese Government Institution [Government Agency]
Action relating to debt (Code: 600)
On November 12, 2001, Chinese President Jiang Zemin and Rwandan President Paul Kagame signed a debt reduction deal cancelling expired Rwandan loans totaling 2.7 million US Dollars. This is based on a plan on debt exemption and reduction set forth during the Sino-African forum for cooperation.
In the same agreement, China cancelled 113 million yuan worth of expired Rwandan loans. See Project ID#1876.This project is not marked as umbrella because we do not capture any loan projects in Rwanda prior to 2009, so there is no risk of double-counting.
Number of official sources
Number of unofficial sources
Receiving agencies [Type]
Government of Rwanda [Government Agency]