Project ID: 2354

Chinese Government cancels $45 million of the Government of Guinea’s outstanding debt obligations

Commitment amount

$ 97660500.7326367

Adjusted commitment amount

$ 97660500.73

Constant 2021 USD

Summary

Funding agency [Type]

Unspecified Chinese Government Institution [Government Agency]

Recipient

Guinea

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

2005-01-01

Actual start

2005-09-01

Actual complete

2006-09-01

Description

In September 2005, the Chinese Government reportedly canceled $45 million of the Government of Guinea’s outstanding debt obligations.

Additional details

1. This dataset does not capture any loans that are not umbrella projects prior to 2006, so this project is not marked as umbrella as there is no risk of double counting. 2. One academic source identifies the value of the debt forgiveness that was provided as $52 million.

Number of official sources

0

Number of total sources

3

Download the dataset

Details

Cofinanced

No

Direct receiving agencies [Type]

Government of Guinea [Government Agency]