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Overview

Chinese Government restructures Botswana’s outstanding debt obligations through a maturity extension to an interest-free loan

Commitment Year•2008Country of Activity•BotswanaDirect Recipient Country of Incorporation•BotswanaSector•Action Relating To DebtFlow Type•Debt rescheduling

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Aug 27, 2008

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 Botswana

Loan description

Chinese Government restructures Botswana’s outstanding debt obligations through a maturity extension to an interest-free loan

Interest type•Fixed Interest Rate

Narrative

Full Description

Project narrative

On August 27, 2008 and October 9, 2008, the Chinese Government and the Government of Botswana signed an exchange of notes, which provided a maturity extension to an interest-free loan that the Government previously contracted with the Chinese Government.

Staff comments

one potential is the 30 million free-interest loan in 2005 (Record ID#30)