Project ID: 2495

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

Commitment amount

$ 109128096.0

Constant 2017 USD

Summary

Funding agency [Type]

China Ministry of Commerce [Government Agency]

Recipient

Uganda

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

2001

Completion

2001

2001-01-18

Actual

Description

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.

Additional details

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.

Number of official sources

4

Number of unofficial sources

4

Download the dataset

Details

Cofinanced

No

Receiving agencies [Type]

Government of Uganda [Government Agency]

Implementing agencies [Type]

Government of Uganda [Government Agency]

Gurarantee provided

No

Insurance provided

No