Project ID: 20244

Chinese Government cancels RMB 180 million of the Government of Cote d'Ivoire’s outstanding obligations

Commitment amount

$ 42579330.186289534

Adjusted commitment amount

$ 42579330.19

Constant 2021 USD

Summary

Funding agency [Type]

China Ministry of Commerce [Government Agency]

Recipient

Cote d'Ivoire

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

2007-01-01

Actual start

2007-05-14

Actual complete

2007-05-14

Description

On 14 May 2007, the Chinese Government cancelled RMB 180 million of the Government of Cote d'Ivoire’s outstanding debt obligations. The obligations resulted from unspecified interest-free loans. These debts reportedly represented 40% of the Government of Cote d'Ivoire’s total outstanding debt obligations to the Chinese Government. During the same meeting, officials also signed a EUR 10 million grant agreement (#13025) and EUR 1 million interest-free loan agreement (#709).

Additional details

This project has not been marked as umbrella since the loans that were canceled were almost certainly contracted in the 1990s and there is a minimal risk of double-counting.

Number of official sources

2

Number of total sources

5

Download the dataset

Details

Cofinanced

No

Direct receiving agencies [Type]

Government of Côte d'Ivoire (Ivory Coast) [Government Agency]