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Completed Development AidData Chinese Aid

Chinese Government cancels $45 million of the Government of Guinea’s outstanding debt obligations

$45M USD

Funder Unspecified Chinese Government Institution
Recipient Organization Government of Guinea
Country Guinea
Start Date Jan 01, 2005
End Date Sep 11, 2032
Duration 10,115 days
Number of Grantees 1
Roles Recipient
Data Source AidData Chinese Aid
Grant ID 2354
Grant Description

In September 2005, the Chinese Government reportedly canceled $45 million of the Government of Guinea’s outstanding debt obligations.

📋 Staff Comments
  1. This dataset does not capture any loans that are not umbrella projects prior to 2006, so this project is not marked as umbrella as there is no risk of double counting.
  2. One academic source identifies the value of the debt forgiveness that was provided as $52 million.
📚 Sources & References
  • http://global.factiva.com/aa/?ref=BBCAP00020061101e2b1001xh&pp=1&fcpil=en&napc=S&sa_from=
  • Souapiti Dam: Beijing Gets Way With Package
  • China donates rice, fertilizer to Guinea 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 Guinea

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