Project ID: 96271

China Eximbank agrees to suspend principal and interest payments on multiple loans in August 2020

Summary

Funding agency [Type]

Export-Import Bank of China (China Eximbank) [State-owned Policy Bank]

Recipient

Tajikistan

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

Implementation (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2020-08-05

Actual start

2020-08-05

Description

On August 5, 2020, China Eximbank and the Government of Tajikistan signed a debt rescheduling (suspension) agreement. Under the terms of the agreement, the lender agreed to suspend principal and interest payments due between September 2020 and mid-2021 under multiple loan agreements. The total estimated suspension amount was $40 million. Then, in September 2020, Paris Club creditor countries agreed to provide to the Republic of Tajikistan a time-bound suspension of debt service due from May 1, 2020 to December 31, 2020.

Number of official sources

4

Number of total sources

9

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Details

Cofinanced

No

Direct receiving agencies [Type]

Government of Tajikistan [Government Agency]

Implementing agencies [Type]

Government of Tajikistan [Government Agency]

Loan Details