Overview

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

Commitment Year•2003Country of Activity•GabonDirect Recipient Country of Incorporation•GabonSector•Action Relating To DebtFlow Type•Debt rescheduling

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Nov 11, 2003

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 Gabon

Loan description

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

Interest type•Fixed Interest Rate

Narrative

Full Description

Project narrative

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.

Staff comments

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.