Overview

Chinese Government cancels $50 million of the Government of Uganda's outstanding repayment obligations

Commitments (Constant USD, 2023)$116,126,087

Commitment Year•2001Country of Activity•UgandaDirect Recipient Country of Incorporation•UgandaSector•Action Relating To DebtFlow Type•Debt forgiveness

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Jan 1, 2001

Start (actual): Jan 18, 2001

End (actual): Jan 18, 2001

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 Uganda

Implementing agencies

Government Agencies

Government of Uganda

Loan desecription

Chinese Government cancels $50 million of the Government of Uganda's outstanding repayment obligations

Narrative

Full Description

Project narrative

On January 18, 2001, Ugandan Vice President Wandira Specioza Kazibwe and Hu Jintao signed an debt cancellation agreement (《中华人民共和国政府和乌干达政府关于免除乌干达政府部分债务议定书》). Chinese Government reportedly cancelled $50 million of the Government of Uganda's outstanding debts.

Staff comments

1. This project is not marked as umbrella because we do not capture any loan projects in Uganda prior to 2007, so there is no risk of double-counting.