Overview

Chinese Government pledges to write off the Government of Afghanistan's outstanding debt obligations (Linked to Record ID#34512)

Commitment Year•2002Country of Activity•AfghanistanDirect Recipient Country of Incorporation•AfghanistanSector•Action Relating To DebtFlow Type•Debt forgiveness

Status

Project lifecycle

Pipeline: Pledge

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Nov 1, 2002

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

Unspecified Chinese Government Institution

Receiving agencies

Government Agencies

Government of Afghanistan

Implementing agencies

Government Agencies

Government of Afghanistan

Loan desecription

Chinese Government pledges to write off the Government of Afghanistan's outstanding debt obligations (Linked to Record ID#34512)

Narrative

Full Description

Project narrative

In November 2002, the Chinese Government pledged to write off the Government of Afghanistan's outstanding debt obligations. but the aggregate exact amount is unclear. According to an official source, from 2002 to 2010, China has remitted $19.5 million of debt. The 2002 debt forgiveness should be included in the total amount.

Staff comments

This project is linked to Record ID#34512: the Chinese Government cancelled 9.6 million British pounds (or approximately $18.8 million) of the Government of Afghanistan's outstanding debt obligations (see Record ID#34512) in March 2004. This project is not marked as umbrella as we do not capture any loans previous to this debt forgiveness project in the dataset (there were no loans to Afghanistan between 2000 and the date of this debt forgiveness) so there is no chance of double counting.