Overview

Chinese Ministry of Commerce donates USD 100 million to Cuba for emergency debt relief in November 2022

Commitments (Constant USD, 2023)$94,491,913

Commitment Year•2022Country of Activity•CubaDirect Recipient Country of Incorporation•CubaSector•Action Relating To DebtFlow Type•Grant

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Nov 25, 2022

Start (actual): Nov 25, 2022

End (actual): Nov 25, 2022

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

Cuba Ministry of Foreign Trade and Foreign Investment

Loan description

Chinese Ministry of Commerce donates USD 100 million to Cuba for emergency debt relief in November 2022

Narrative

Full Description

Project narrative

On November 25, 2022, the Chinese Ministry of Commerce provided Cuba with a USD 100 million donation for priorities of the island's economy, which include responding to the economic crisis and debt relief.