Chinese Government cancels $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.