Project ID: 86173

Chinese Government reschedules loan via repayment extension

Summary

Funding agency [Type]

Unspecified Chinese Government Institution [Government Agency]

Recipient

Mongolia

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

Completion (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2008-06-19

Description

On June 19, 2008, the Chinese Government and the Government of Mongolia signed an exchange of letters, in which the Chinese Government allowed the Government of Mongolia to defer repayment on a loan that it previously contracted with an unspecified Chinese Government lender. The loan’s signature, face value, borrowing terms and purpose are unknown.

Additional details

The Mongolian translation of the debt rescheduling agreement that was signed on June 19, 2008 is Зээлийн өрийг төлөх хугацааг хойшлуулах тухай Монгол Улсын Засгийн газар, БНХАУ-ын засгийн газар хоорондын солилцох захидал).

Number of official sources

2

Number of total sources

3

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Details

Cofinanced

No

Direct receiving agencies [Type]

Government of Mongolia [Government Agency]

Loan Details