Project ID: 91687

China reschedules USD $55 million debt payment from Cameroon

Summary

Funding agency [Type]

Unspecified Chinese Government Institution [Government Agency]

Recipient

Cameroon

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

2020-05-01

Actual start

2020-05-01

Actual complete

2020-05-31

Description

In May 2020, under the World Bank's Debt Service Suspension Initiative (DSSI) initiative, China deferred a payment from Cameroon worth over USD $55 million. This payment will now be due between 2022 and 2025 in addition to payments already scheduled to be due during those years. Further information on the specifics of the payment or the terms of the deferment is unknown.

Additional details

1. No transaction (financial commitment) amount is recorded to avoid any double counting with previous loan commitments to Cameroon.

Number of official sources

2

Number of total sources

4

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Details

Cofinanced

No

Direct receiving agencies [Type]

Government of Cameroon [Government Agency]

Loan Details