Chinese Government cancels $17 million of the Government of Uganda's outstanding debt obligations

$17M USD

Funder	China Ministry of Commerce
Recipient Organization	Uganda Ministry of Finance
Country	Uganda
Start Date	Jan 01, 2007
End Date	Sep 27, 2032
Duration	9,401 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`2518`

Grant Description

On September 21, 2007, China's Assistant Minister for Commerce Fu Ziying, and Uganda's Finance Minister Dr. Ezra Suruma signed a debt forgiveness agreement.

China's Ministry of Commerce (MOFCOM agreed to cancel $17 million of the Government of Uganda's outstanding debt obligations.

📋 Staff Comments

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

SAIS-CARI China's Debt Cancellation In Africa Database*
Debt Relief with Chinese Characteristics
China cancels 17m dollars Uganda debt
Examining the Debt Implications of the Belt and Road Initiative from a Policy Perspective 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.