Skip to content
AidData logo

Overview

China pledges debt remission of US$80 million to Angola

Commitments (Constant USD, 2023)$18,580,174
Commitment Year•2001Country of Activity•AngolaDirect Recipient Country of Incorporation•AngolaSector•Action Relating To DebtFlow Type•Debt forgiveness

Status

Project lifecycle

Pipeline: Pledge

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
May 1, 2001

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Funding agencies

Government Agencies

  • Unspecified Chinese Government Institution

Receiving agencies

Government Agencies

  • Government of Angola

Loan desecription

China pledges debt remission of US$80 million to Angola

Narrative

Full Description

Project narrative

In May 2001, a Chinese economic and trade delegation promised to dismiss about 10 percent of Angola's $80 million external debt to China during a three-day visit to Luanda. The status of the debt forgiveness is uncertain.