Skip to content
AidData logo

Overview

Chinese Government cancels VUV 407 million of the Government of Vanuatu’s outstanding obligations

Commitments (Constant USD, 2023)$7,380,614
Commitment Year•2005Country of Activity•VanuatuDirect Recipient Country of Incorporation•VanuatuSector•Action Relating To DebtFlow Type•Debt forgiveness

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Jan 1, 2005

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 Vanuatu

Loan desecription

Chinese Government cancels VUV 407 million of the Government of Vanuatu’s outstanding obligations

Narrative

Full Description

Project narrative

In 2005, the Chinese Government cancelled VUV 407 million of the Government of Vanuatu’s outstanding debt obligations related to one or more loans that it had previously contracted.

Staff comments

It is unclear which specific debts were forgiven. However, they were likely related to the loans that the Government of Vanuatu contracted in the 1980s and 1990s for the construction of a parliamentary complex and the construction of University of South Pacific Law School. This issue merits further investigation.