Project ID: 64628

Chinese Government reschedules loan to Yemen for textile factory by extending repayment period

Summary

Funding agency [Type]

Unspecified Chinese Government Institution [Government Agency]

Recipient

Yemen

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

Completion (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2003-01-01

Description

On December 17, 2003, the Chinese Government and the Government and Yemen reportedly signed a debt rescheduling agreement, which extended the repayment period (and period of use) of a loan that the Government of Yemen obtained on February 16, 1998 for the development of a textile factory. The rescheduling agreement was signed by Deputy Primer and Minister of Planning and International Cooperation Ahmad Sofan along with the Chinese Deputy Commerce Minister Wei Jiam Quo.

Additional details

One media source indicates that the loan was contracted in 1996 rather than 1998. This issue merits further investigation.

Number of official sources

1

Number of total sources

2

Download the dataset

Details

Cofinanced

No

Direct receiving agencies [Type]

Government of Yemen [Government Agency]

Loan Details