China cancels $3 million debt owed by Somalia [Linked to #2285]
Constant 2017 USD
Funding agency [Type]
Unspecified Chinese Government Institution [Government Agency]
Action relating to debt (Code: 600)
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.
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
Number of unofficial sources
Receiving agencies [Type]
Government of Somalia [Government Agency]