Project ID: 37789

Chinese Government pledges to cancel Government of Fiji’s outstanding debt obligations set to mature in 200

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

Fiji

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

Pipeline: Pledge (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2005-01-01

Planned start

2005-12-31

Description

In April 2006, the Chinese Prime Minister Wen Jiaboa pledged to cancel Chinese loans to Fiji that matured at the end of that year and extend by ten years the payment of debts contracted by other island countries that became mature at the end of 2005. There is no sign that debt was cancelled, but the pledge has been mentioned in a number of scholarly articles written about the Chinese presence in Oceania. The value of the debts cancelled is unknown.

Number of official sources

0

Number of total sources

6

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Details

Cofinanced

No

Direct receiving agencies [Type]

Government of the Republic of Fiji [Government Agency]