Project ID: 88296
Chinese Government reschedules Cuba's debt from 1990 loan agreement in 2000 (Linked to Project ID#69225)
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
Project lifecycle
Description
In 2000, the Chinese Government rescheduled the debt repayment schedule of a government loan it had issued to Cuba in 1990 by extending it for 10 years. The rescheduled repayment period was to begin by the end of 2010. However, 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 to extend the repayment period by another 10 years (see linked project ID#69225).
Number of official sources
1
Number of total sources
5
Details
Cofinanced
No
Direct receiving agencies [Type]
Government of Cuba [Government Agency]