Skip to content
AidData logo

Overview

Chinese Government cancels RMB 149 million of the Government of Togo’s outstanding debt obligations

Commitments (Constant USD, 2023)$32,548,788
Commitment Year•2007Country of Activity•TogoDirect Recipient Country of Incorporation•TogoSector•Action Relating To DebtFlow Type•Debt forgiveness

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Jul 1, 2007
Start (actual)
Jul 1, 2007
End (actual)
Jul 1, 2007

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 Togo

Loan desecription

Chinese Government cancels RMB 149 million of the Government of Togo’s outstanding debt obligations

Narrative

Full Description

Project narrative

In July 2007, the Chinese Government signed an agreement with the Government of Togo to cancel RMB 149 million ($20.35 million USD) of Togo’s outstanding debt obligations to China. China cancelled the debt the same month. All of the loans that were forgiven matured on or before December 31, 2005 and represented 100% of the outstanding debt due before that date.

Staff comments

This debt forgiveness project is not marked as an umbrella project since the original loan was contracted before 2000, so there is no risk of double counting.