Completed Development AidData Chinese Aid

Chinese Government cancels $20 million of the Government of Guyana’s outstanding obligations (Linked to Record ID#56154)

$20M USD

Funder	China Ministry of Commerce
Recipient Organization	Government of Guyana
Country	Guyana
Start Date	Jan 01, 2003
End Date	Sep 15, 2030
Duration	10,119 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`36669`

Grant Description

In 2003, the Chinese Government cancelled $20 million of the Government of Guyana’s outstanding debt obligations related to loans that were contracted over a 30-year period.

Then, in July 2007, after the Chinese Government provided $15 million of additional debt forgiveness (as captured via Record ID#56154), total debt relief from the Chinese Government to the Government of Guyana summed to approximately $34.9 million.

📋 Staff Comments

This debt forgiveness project is not marked as an umbrella project since the original loans were most likely contracted before 2000, so there is little risk of double counting.

📚 Sources & References

CHINA FORGIVES DEBT.
Chinese delegation visits Guyana, expected to approve 20m-US-dollar debt relief.
China condones Guyana debt and offers new aid.
Taiwanese diplomat urges Dominica devise more projects for funding, in bid to keep out China
China Writes Off $20M Guyana Debt
Offers $5M New Aid
Guyana's president leaves for China on weeklong trade mission
Guyana Enhanced Initiative for Heavily Indebted Poor Countries Completion Point Document
GUYANA Completion Point Document under the Enhanced Heavily Indebted Poor Countries (HIPC) Initiative
中华人民共和国政府和圭亚那共和国政府关于免除圭亚那政府对中国政府债务的议定书 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.