Project ID: 93281

Chinese Government provides a 3-year grace period for debt repayments to the Angolan Government

Summary

Funding agency [Type]

Unspecified Chinese Government Institution [Government Agency]

Recipient

Angola

Sector

Action relating to debt (Code: 600)

Flow type

Debt rescheduling

Level of public liability

Central government debt

Infrastructure

No

Category

Intent

Mixed (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

OOF-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

Implementation (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2021-01-11

Actual start

2021-01-11

Description

On January 11 2021, the Chinese government announced a 3-year grace period for Angola's debt repayments. The amount of the original loans and interest payments suspended are unknown, but it is estimated at over USD 20 billion, including USD 14.5 billion from the China Development Bank and USD 5 billion from the EXIM bank of China.

Additional details

The sources provide few details on the original loans and original lenders. However, it does appear that they are official donors.

Number of official sources

0

Number of total sources

2

Download the dataset

Details

Cofinanced

No

Direct receiving agencies [Type]

Government of Angola [Government Agency]

Loan Details

Grace period

3 years