Project ID: 2518

China cancels 17 million USD worth of Ugandan debt

Commitment amount

$ 30587494.509029698

Adjusted commitment amount

$ 30587494.51

Constant 2021 USD

Summary

Funding agency [Type]

China Ministry of Commerce [Government Agency]

Recipient

Uganda

Sector

Action relating to debt (Code: 600)

Flow type

Debt forgiveness

Infrastructure

No

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

2007-01-01

Actual start

2007-09-21

Actual complete

2007-09-21

Description

On September 21, 2007, China's Assistant Minister for Commerce Fu Ziying, and Uganda's Finance Minister, Dr. Ezra Suruma signed an agreement for China to cancel 17 million USD worth of Uganda's debt.

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

2

Number of total sources

4

Download the dataset

Details

Cofinanced

No

Direct receiving agencies [Type]

Uganda Ministry of Finance [Government Agency]

Implementing agencies [Type]

Government of Uganda [Government Agency]