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Overview

Chinese Government cancels an outstanding debt obligation of Government of Benin

Commitment Year•2007Country of Activity•BeninDirect Recipient Country of Incorporation•BeninSector•Action Relating To DebtFlow Type•Debt forgiveness

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Jan 1, 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

  • Unspecified Chinese Government Institution

Receiving agencies

Government Agencies

  • Government of Benin

Loan description

Chinese Government cancels an outstanding debt obligation of Government of Benin

Narrative

Full Description

Project narrative

In 2006, the Chinese Government pledged that it would cancel some of the Government of Benin’s outstanding debt obligations. The agreement came to fruition in early 2007 during Foreign Minister Li Zhaoxing's seven nation tour through Africa. The amount of debt that was cancelled is unknown.