Chinese Government cancels $50 million of the Government of Uganda's outstanding repayment obligations

$50M USD

Funder	China Ministry of Commerce
Recipient Organization	Government of Uganda
Country	Uganda
Start Date	Jan 01, 2001
End Date	Jan 01, 2031
Duration	10,957 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`2495`

Grant Description

On January 18, 2001, Ugandan Vice President Wandira Specioza Kazibwe and Hu Jintao signed an debt cancellation agreement (《中华人民共和国政府和乌干达政府关于免除乌干达政府部分债务议定书》). Chinese Government reportedly cancelled $50 million of the Government of Uganda's outstanding debts.

📋 Staff Comments

1. This project is not marked as umbrella because we do not capture any loan projects in Uganda prior to 2007, so there is no risk of double-counting.

📚 Sources & References

http://global.factiva.com/redir/default.aspx?P=sa&an=kyodo00020010711dx1i00h1f&cat=a&ep=ASE
Uganda and China: Unleashing the Power of The Dragon
中国与非洲关系大事记
SAIS-CARI China's Debt Cancellation In Africa Database*
孙广相副部长在中非合作论坛后续行动通报及磋商会上的讲话
Debt Relief with Chinese Characteristics
Examining the Debt Implications of the Belt and Road Initiative from a Policy Perspective
胡锦涛与乌干达副总统会谈 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.