Completed Development AidData Chinese Aid

Chinese Government cancels RMB 210 million of the Government of Chad’s outstanding obligations in 2007

¥210M RMB

Funder	China Ministry of Commerce
Recipient Organization	Government of Chad
Country	Chad
Start Date	Jan 04, 2007
End Date	Sep 01, 2027
Duration	7,545 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`16248`

Grant Description

On January 4, 2007, the Chinese Government and the Government of Chad signed a debt exemption protocol, which cancelled RMB 210 million of the Government of Chad’s outstanding debt obligations.

These debts resulted from three interest-free loans and two military aid loans that the Government of Chad previously contracted.

The three interest-free loans included an RMB 100 million loan that was contracted on September 20, 1973, an RMB 60 million loan that was contracted on June 28, 1990, and an RMB 50 million loan that was contracted on November 27, 1992.

📋 Staff Comments

1. This loan forgiveness project is not marked as umbrella since the loans contracted are before 2000 so there is no risk of double counting.

📚 Sources & References

http://www.reuters.com/article/2007/01/05/china-chad-idUSL0557853220070105
Chadian President Idriss Deby met with China's Foreign Minister Li Zhaoxing
China’s Growing Involvement in Chad: Escaping Enclosure?
Debt Relief with Chinese Characteristics
China’s Growing Involvement in Chad: Escaping Enclosure?
L'impact du partenariat Chine-Afrique sur la réalisation des droits économiques et sociaux au Tchad
UPDATE 2-China signs deals worth $80 mln with new ally Chad Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.

All Grantees

Government of Chad

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