Overview

Chinese Government cancels $5 million of the Government of Comoros’ outstanding obligations

Commitments (Constant USD, 2023)$11,612,609

Commitment Year•2001Country of Activity•ComorosDirect Recipient Country of Incorporation•ComorosSector•Action Relating To DebtFlow Type•Debt forgiveness

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Jan 1, 2001

Start (actual): Jul 1, 2001

End (actual): Jul 5, 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

China Ministry of Commerce

Receiving agencies

Government Agencies

Government of Comoros

Loan description

Chinese Government cancels $5 million of the Government of Comoros’ outstanding obligations

Narrative

Full Description

Project narrative

In 2001, the Chinese Government reportedly cancelled $5 million of the Government of Comoros’ outstanding debt obligations. Based on the letter of intent, the submission of this plan was made to the World Bank on July 5th, 2001

Staff comments

This project is not marked as an umbrella project because we do not capture any loans to Comoros before 2010, so there is no risk of double counting.