Project ID: 64974

Chinese Government agrees to partially exempt the Government of Togo’s outstanding debt obligations

Summary

Funding agency [Type]

Unspecified Chinese Government Institution [Government Agency]

Recipient

Togo

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

2016-05-30

Description

On May 30, 2016, during President of Togo Faure Gnassingbé's state visit to China, the Chinese Government agreed to cancel a portion of Government of Togo’s outstanding debt obligations. The debt cancelled matured on or before December 31, 2015.

Additional details

The monetary value of the debts that were forgiven is not identified by any of the underlying sources. This issue merits further investigation

Number of official sources

2

Number of total sources

7

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Details

Cofinanced

No

Direct receiving agencies [Type]

Government of Togo [Government Agency]