Project ID: 60524

Chinese Government reschedules the Government of Gabon’s outstanding debt obligations via interest rate reductions and maturity extensions

Summary

Funding agency [Type]

Unspecified Chinese Government Institution [Government Agency]

Recipient

Gabon

Sector

Action relating to debt (Code: 600)

Flow type

Debt rescheduling

Level of public liability

Central government debt

Infrastructure

No

Category

Intent

Development (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

Vague (Official Finance) (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

Pipeline: Commitment (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2003-11-11

Description

On November 11, 2003, the Government of Gabon and the Chinese Government signed a debt rescheduling agreement in Beijing, which reduced the interest rates and extended the maturity lengths of several loans that the Government of Gabon had previously contracted. No additional details are available.

Additional details

These restructured debts are not included in the dataset of Chinese debt cancellations and restructurings released by SAIS-CARI in 2020. It is not clear which loans were related to this action, or how much those loans were worth.

Number of official sources

1

Number of total sources

2

Download the dataset

Details

Cofinanced

No

Direct receiving agencies [Type]

Government of Gabon [Government Agency]

Loan Details