Project ID: 62902

Chinese Government cancels $4.24 million of the Government of Cambodia’s outstanding obligations

Commitment amount

$ 5905162.207776059

Adjusted commitment amount

$ 5905162.21

Constant 2021 USD

Summary

Funding agency [Type]

Unspecified Chinese Government Institution [Government Agency]

Recipient

Cambodia

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

2010-11-05

Actual start

2010-11-05

Actual complete

2010-11-05

Description

On November 5, 2010, the Chinese Government canceled $4.24 million of the Government of Cambodia’s total outstanding obligations. These debts resulted from loans that the Government of Cambodia previously contracted and were scheduled to mature in 2010. The debt forgiveness agreement was formalized during a meeting with Prime Minister Hun Sen at the Premier’s Cabinet building in Phnom Penh.

Additional details

Loans with a maturity period ending in 2010 pose little risk of double-counting, so AidData has not marked this as an Umbrella project.

Number of official sources

2

Number of total sources

8

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Details

Cofinanced

No

Direct receiving agencies [Type]

Government of Cambodia [Government Agency]