Overview

Chinese Government cancels some of the Government of Equatorial Guinea’s outstanding obligations

Commitment Year•2010Country of Activity•Equatorial GuineaDirect Recipient Country of Incorporation•Equatorial GuineaSector•Action Relating To DebtFlow Type•Debt forgiveness

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Jul 22, 2010

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Funding agencies

Government Agencies

Unspecified Chinese Government Institution

Receiving agencies

Government Agencies

Government of Equatorial Guinea

Implementing agencies

Government Agencies

Government of Equatorial Guinea

Loan description

Chinese Government cancels some of the Government of Equatorial Guinea’s outstanding obligations

Narrative

Full Description

Project narrative

On July 22, 2010, the Chinese Government and the Government of Equatorial Guinea signed a partial debt exemption protocol agreement (“Protocolo sobre la condonacion parcial de las deudas del Gobierno Chino al Gobierno de Guinea Ecuatorial”). The value of the debts that were forgiven is unknown.

Staff comments

1. One official source suggests that the official commitment date was July 23, 2010 rather than July 22, 2010.