Chinese Government pledges to cancel Government of Fiji’s outstanding debt obligations set to mature in 2005

Funder	Unspecified Chinese Government Institution
Recipient Organization	Government of Fiji
Country	Fiji
Start Date	Jan 01, 2005
End Date	Nov 02, 2033
Duration	10,532 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`37789`

Grant Description

In April 2006, Chinese Prime Minister Wen Jiabao pledged, on behalf of China, to Fiji and other island countries in the Pacific to cancel select Chinese loans that had matured at the end of 2005 and also extend the payment of contracted debts that had matured at the end of 2005.

The value of the debts China pledged to cancel are unknown, and whether or not the debts have been cancelled has not been confirmed.

📚 Sources & References

MARKET WRAP
China offers loans to boost business with Pacific island countries - premier
Handbook on China and Developing Countries
Looking North
Looking South: China
Taiwan and South Pacific
China offers aid package to Pacific Islands
Wen's speech at China-Pacific Island Countries forum 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.