Project ID: 24

Chinese Government cancels an outstanding debt obligation of Government of Benin

Summary

Funding agency [Type]

Unspecified Chinese Government Institution [Government Agency]

Recipient

Benin

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

2007

Description

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 (See: Chinese FM starts tour highlighting Beijing interest in Africa and China offers debt relief, aid to Benin). The amount of debt that was cancelled is unknown.

Additional details

/.;lop0987654322

Number of official sources

3

Number of unofficial sources

5

Download the dataset

Details

Cofinanced

No

Receiving agencies [Type]

Government of Benin [Government Agency]

Gurarantee provided

No

Insurance provided

No