Project ID: 2284

China cancels $3 million debt owed by Somalia [Linked to #2285]

Commitment amount

$ 6510700.048842448

Adjusted commitment amount

$ 6510700.05

Constant 2021 USD

Summary

Funding agency [Type]

Unspecified Chinese Government Institution [Government Agency]

Recipient

Somalia

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

2005-12-25

Actual start

2005-12-25

Actual complete

2005-12-26

Description

In December 2005, Chinese Ambassador to Kenya, Guo Chongli, signed an agreement for economic and technical cooperation delegation with the Somali President, Abdullahi Yusuf Ahmad in Jowhar (#2285). During the inking ceremony, China also pledged to waive the $3 million debt owed by Somalia.

Additional details

This project is not marked as umbrella because the original debt is not captured in our dataset, so there is no risk of double counting.

Number of official sources

2

Number of total sources

3

Download the dataset

Details

Cofinanced

No

Direct receiving agencies [Type]

Government of Somalia [Government Agency]