Project ID: 41997

Chinese Government cancels RMB 30 million of Government of Cameroon's outstanding debt obligations

Commitment amount

$ 6172440.508396069

Adjusted commitment amount

$ 6172440.51

Constant 2021 USD

Summary

Funding agency [Type]

Unspecified Chinese Government Institution [Government Agency]

Recipient

Cameroon

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: Commitment (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2010-08-13

Description

On August 13, 2010, at the Africa-China Forum in Sharm el Sheikh (Egypt), the Chinese Government signed a debt exemption protocol, canceling RMB 30 million of the Government of Cameroon's outstanding debt obligations.

Additional details

The loans forgiven through this action were almost certainly interest-free loans committed through previous ETCAs. As such, the loans likely had maturity lengths of 20 years and since they had reached maturity no later than 2010, they were almost certainly contracted prior to 2000. Therefore, AidData has not assigned this record to the umbrella category (as there is little risk of double counting the monetary value of the debts that were forgiven).

Number of official sources

7

Number of total sources

11

Download the dataset

Details

Cofinanced

No

Direct receiving agencies [Type]

Government of Cameroon [Government Agency]