Project ID: 69225

Chinese Government reschedules Cuba's debt from 1990 loan agreement in 2010 (Linked to Project ID#88296)

Summary

Funding agency [Type]

Unspecified Chinese Government Institution [Government Agency]

Recipient

Cuba

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

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

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2010-01-01

Description

On December 21, 2010, during the 23rd Session of the Intergovernmental Commission between Cuba and China, the Cuban Government and the China Export & Credit Insurance Corporation (SINOSURE) signed an exchange of letters for the rearrangement of the debt repayment schedule of a governmental credit granted in 1990 and was extended by 10 years once already in 2000 (see linked project ID#88296), for another 10 years. The rescheduled repayment period was to begin by the end of 2010.

Additional details

The original loan is not captured in this database, as its commitment was in 1990.

Number of official sources

1

Number of total sources

5

Download the dataset

Details

Cofinanced

No

Direct receiving agencies [Type]

Government of Cuba [Government Agency]

Implementing agencies [Type]

China Export & Credit Insurance Corporation (Sinosure) [State-owned Company]

Loan Details