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Overview

Chinese Government cancels RMB 180 million of Government of Niger’s outstanding debt obligations

Commitments (Constant USD, 2023)$50,506,993
Commitment Year•2001Country of Activity•NigerDirect Recipient Country of Incorporation•NigerSector•Action Relating To DebtFlow Type•Debt forgiveness

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Jun 5, 2001
End (actual)
Mar 9, 2007

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Funding agencies

Government Agencies

  • China Ministry of Commerce

Receiving agencies

Government Agencies

  • Government of Niger

Implementing agencies

Government Agencies

  • Government of Niger

Loan description

Chinese Government cancels RMB 180 million of Government of Niger’s outstanding debt obligations

Narrative

Full Description

Project narrative

In June 2001, President of Niger Tandja and Prime Minster Hama Amadou attended talks in Beijing, after which the two leaders signed a debt exemption protocol. According to a leaked U.S. Embassy cable, under the terms of the protocol, the Chinese Government agreed to cancel some but not all of the Government of Niger’s outstanding debt obligations. The monetary value of the debts that were cancelled in 2001 are unknown. Then, on March 29, 2007, the Chinese Government and the Government of Niger signed a second debt exemption protocol. The monetary value of the debts that were cancelled in 2007 are also unknown. However, the Government of Niger later reported after the signing of these two debt exemption protocols that the Chinese Government had cancelled approximately RMB 180 million of its outstanding debt obligations.

Staff comments

1. For the time being, AidData captures the total debt cancellation of RMB 180 million in a single record; however, if and when it is able to disaggregate the amount of debt that was forgiven in 2001 and 2007, it will create two separate records to capture these two acts of debt forgiveness. 2. This debt forgiveness project is not marked as an umbrella project since our dataset does not capture any loans prior to 2008, so there is no risk of double counting.