Project ID: 57272

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

Commitment amount

$ 12572688.837066544

Adjusted commitment amount

$ 12572688.84

Constant 2021 USD

Summary

Funding agency [Type]

China Ministry of Commerce [Government Agency]

Recipient

Comoros

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

Completion (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2001-01-01

Actual start

2001-07-01

Actual complete

2001-07-05

Description

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

Additional details

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.

Number of official sources

4

Number of total sources

6

Download the dataset

Details

Cofinanced

No

Direct receiving agencies [Type]

Government of Comoros [Government Agency]