Chinese Government reschedules a 1991 loan to Cameroon by extending maturity period by 5 years
Funding agency [Type]
China Ministry of Commerce [Government Agency]
Action relating to debt (Code: 600)
On August 31, 2002, the Chinese Government and the Government of Cameroon signed five cooperation agreements, one of which was a debt rescheduling agreement. Under this agreement, a loan worth nearly FCFA 4,000 million francs (~$6 million USD) that was contracted in 1991 and due for repayment by September 2001 (an original maturity period of 10 years) was rescheduled. Its maturity was extended by 5 additional years.
No transaction amount is recorded since this project represents a loan rescheduling, not an original flow of resources to recipient country.
Number of official sources
Number of unofficial sources
Receiving agencies [Type]
Government of Cameroon [Government Agency]