Project ID: 85327

Chinese Government partially cancels the Lao Government’s outstanding obligations

Summary

Funding agency [Type]

Unspecified Chinese Government Institution [Government Agency]

Recipient

Laos

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

2006-11-21

Actual start

2006-11-21

Actual complete

2006-11-21

Description

On November 21, 2006, the Chinese Government and the Government of Laos signed a partial debt exemption protocol, which cancelled the Government of Laos’s outstanding obligations under several interest-free loans that it previously contracted [《中国政府免除截至2004年底老挝政府对华到期无息贷款债务议定书》]. All of these interest-free loans reached their maturity dates by the end of 2004.

Additional details

This debt forgiveness project is not marked as umbrella as the loans contracted would have been prior to 2000, so there is no risk of double counting.

Number of official sources

3

Number of total sources

4

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Details

Cofinanced

No

Direct receiving agencies [Type]

Government of Laos [Government Agency]