Project ID: 65379

China forgives 6 interest-free loans that Somalia contracted

Summary

Funding agency [Type]

Unspecified Chinese Government Institution [Government Agency]

Recipient

Somalia

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

Pipeline: Commitment (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2009-10-06

Description

On October 6, 2009, Chinese and Somalian representatives signed a debt forgiveness agreement in Nairobi, through which China committed to forgiving 6 interest-free loans to Somalia.

Additional details

This project is not marked as umbrella because the original debt is not captured in our dataset, so there is no risk of double counting.

Number of official sources

1

Number of total sources

1

Download the dataset

Details

Cofinanced

No

Direct receiving agencies [Type]

Government of Somalia [Government Agency]