Chinese Government cancels RMB 149 million of the Government of Togo’s outstanding debt obligations
Constant 2017 USD
Funding agency [Type]
China Ministry of Commerce [Government Agency]
Action relating to debt (Code: 600)
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 (see 'Photo exhibition on China-Africa cooperation achievements'). 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 (see pg.24 of 'REPUBLIC OF TOGO : COMPLETION POINT DOCUMENT FOR THE ENHANCED HIPC INITIATIVE').
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.
Number of official sources
Number of unofficial sources
Receiving agencies [Type]
Government of Togo [Government Agency]