Project ID: 85218

Chinese Government extends the repayment period of an interest-free loan by 5 years

Summary

Funding agency [Type]

China Ministry of Commerce [Government Agency]

Recipient

Lebanon

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

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

2017-03-16

Actual start

2017-03-16

Actual complete

2017-03-16

Description

On March 16, 2017, the Chinese Government and the Lebanese Council for Development and Reconstruction (CDR) signed an exchange of letters to extend the repayment period of a previously contracted interest-free loan by 5 years. The specific interest-free loan associated with this debt restructuring is unknown.

Additional details

As China's Ministry of Commerce (MOFCOM) is responsible for the vast majority of China's interest-free loans, AidData has assumed that it was the Chinese Government institution that provided the original loan and thus was responsible for its later restructure.

Number of official sources

1

Number of total sources

1

Download the dataset

Details

Cofinanced

No

Direct receiving agencies [Type]

Lebanese Council for Development and Reconstruction (CDR) [Government Agency]

Loan Details

Interest rate

0.0%