MOFCOM cancels $3 million debt owed by Somalia (Linked to Record ID#2285)

$3M USD

Funder	China Ministry of Commerce
Recipient Organization	Government of Somalia
Country	Somalia
Start Date	Dec 25, 2005
End Date	Jun 29, 2027
Duration	7,856 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`2284`

Grant Description

In December 2005, Chinese Ambassador to Kenya, Guo Chongli, signed an agreement for economic and technical cooperation (ECTA) with the Somali President, Abdullahi Yusuf Ahmad in Jowhar (see Record ID#2285).

During the ECTA signing ceremony, the Chinese Government also agreed to waive the $3 million of outstanding debt owed by the Government of Somalia.

📋 Staff Comments

1. This record is not marked as an umbrella record because the original loan commitment is not captured in AidData's GCDF dataset, so there is no risk of double counting.

📚 Sources & References

China waives 3m dollar Somali debt
中国驻肯尼亚大使郭崇立首访索马里中索签订经济技术合作协议
SOMALIA 2015 ARTICLE IV CONSULTATION 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.