Chinese Government cancels £9.6 millions of Afghanistan’s outstanding debt obligations (Linked to Project ID#34505)

In March 2004, the Chinese Government agreed to cancel 9.6 million British pounds (or approximately $18.8 million) of the Government of Afghanistan's outstanding debt obligations. These debt obligations were originally contracted by the Afghan government in 1965. This act of debt forgiveness likely covered the bulk of the Government of Afghanistan’s outstanding debt obligations to China from 2002 to 2010, which were worth $19.5 million.

Additional details

This project may be linked to Project ID#34505, which captures a 2002 commitment by the Chinese Government to write off all of Afghanistan's outstanding debt obligations. 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

7

Number of total sources

14