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Chinese Government cancels RMB 49.7 million of Government of Cape Verde’s outstanding debt obligations
| Funder | China Ministry of Commerce |
|---|---|
| Recipient Organization | Government of Cabo Verde |
| Country | Cabo Verde |
| Start Date | Jul 12, 2001 |
| End Date | Aug 16, 2028 |
| Duration | 9,897 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 55463 |
Grant Description
On July 12, 2001, the Chinese Government and the Government of Cape Verde signed a partial debt exemption protocol agreement (中华人民共和国政府和佛得角共和国政府关于免除佛得角政府部分债务议定书 or Protocolo sobre a anulacao parcial das dividas do Governo de Cabo Verde entre o Governo da Republica de Cabo Verde e o Governo da Republica Popular da China).
Under the terms of this agreement, the Chinese Government agreed to cancel the Government of Cape Verde outstanding debt obligations related to 3 interest-free loans: an RMB 20 million interest-free loan contracted on July 25, 1980, an RMB 9.7 million interest-free loan contracted in December 1984, and an RMB 20 million interest-free loan contracted on May 30, 1986.
Staff Comments
This project is not marked as umbrella since the loans being forgiven were contracted before the time frame of the dataset (2000+).
Sources & References
- 中华人民共和国政府和佛得角共和国政府关于免除佛得角政府部分债务议定书 (Agreement between the Government of the People's Republic of China and the Government of the Republic of Cabo Verde on waiving part of the debt of the Cape Verde government)
- A POLÍTICA DE COOPERAÇÃO EM CABOVERDE
- 中华人民共和国政府和佛得角共和国政府关于免除佛得角政府部分债务议定书
- 双边条约
- 中佛经贸合作概况 (General facts on the economic and trade cooperation between China and Cape Verde)
- 中华人民共和国政府和佛得角共和国政府关于免除佛得角政府部分债务议定书 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.
All Grantees
Government of Cabo Verde
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