Chinese Government cancels $3 million of the Government of Eritrea’s outstanding obligations
Constant 2017 USD
Funding agency [Type]
Unspecified Chinese Government Institution [Government Agency]
Action relating to debt (Code: 600)
On June 15, 2001, it was reported that Eritrea’s Economic Advisor Woldai Futur and China's Vice Minister for Foreign Trade and Economic Cooperation Zhou Keren signed a $3 million debt cancellation agreement. This agreement relieved the Government of Eritrea's of its obligation to repay a loan that it secured in 1994 for agricultural machinery.
This project is not marked as umbrella since the loans being forgiven were contracted prior to 2000, so there is no risk of double counting.
Number of official sources
Number of unofficial sources
Receiving agencies [Type]
Government of Eritrea [Government Agency]
Implementing agencies [Type]
Eritrea Ministry of Finance [Government Agency]