Chinese Government pledges to write off the Government of Afghanistan's outstanding debt obligations (Linked to Project ID #34512)
Not recommended for aggregates
This project is not recommended for use in creating aggregated sums. See the documentation for more information about this criteria.
Summary
Funding agency [Type]
Unspecified Chinese Government Institution [Government Agency]
Recipient
Afghanistan
Sector
Action relating to debt (Code: 600)
Flow type
Debt forgiveness
Infrastructure
No
Category
Project lifecycle
Description
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.
Additional details
This project is linked to Project 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 Project 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.
Number of official sources
1
Number of total sources
4
Details
Cofinanced
No
Direct receiving agencies [Type]
Government of Afghanistan [Government Agency]
Implementing agencies [Type]
Government of Afghanistan [Government Agency]