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Overview

Chinese Government cancels $12.3 million of the Government of Suriname’s outstanding obligations

Commitments (Constant USD, 2023)$12,767,246
Commitment Year•2019Country of Activity•SurinameDirect Recipient Country of Incorporation•SurinameSector•Action Relating To DebtFlow Type•Debt forgiveness

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Dec 1, 2019

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Funding agencies

Government Agencies

  • China Ministry of Commerce

Receiving agencies

Government Agencies

  • Government of Suriname

Loan description

Chinese Government cancels $12.3 million of the Government of Suriname’s outstanding obligations

Narrative

Full Description

Project narrative

According to the Government of Suriname, the Chinese Government canceled $12.3 million of the Government of Suriname’s outstanding debt obligations in December 2019.

Staff comments

1. Umbrella left unchecked at this cancellation likely applied to interest free loans contracted pre-2000, thus avoiding the risk of double counting