Project ID: 2354

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

Commitment amount

$ 84759544.52

Constant 2017 USD

Summary

Funding agency [Type]

Unspecified Chinese Government Institution [Government Agency]

Recipient

Guinea

Sector

Action relating to debt (Code: 600)

Flow type

Debt forgiveness

Concessional

Yes

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 year

2005

Completion

2006

2006-09-01

Actual

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 unofficial sources

3

Download the dataset

Details

Cofinanced

No

Receiving agencies [Type]

Government of Guinea [Government Agency]