Chinese Government cancels RMB 54,320,000 of the Government of Djibouti’s outstanding debt obligations

¥54.32M RMB

Funder	China Ministry of Commerce
Recipient Organization	Government of Djibouti
Country	Djibouti
Start Date	Sep 10, 2007
End Date	Feb 12, 2029
Duration	7,826 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`59634`

Grant Description

On 10 September, 2007, the Chinese Ambassador and a representative from the Djibouti Ministry of Foreign Affairs signed a debt cancellation agreement with the Government of Djibouti.

More specifically, China agreed to forgive RMB 54,320,000 of outstanding debt obligations related to two interest-free loans that entered their repayment periods in December 2005.

📋 Staff Comments

The amount of debt that was forgiven through the 10 September 2007 agreement is omitted from the SAIS-CARI China's Debt Cancellation in Africa Database released in June 2020. The forgiven loans were likely contracted prior to 2000 for them to have matured by December 2005, so this project is not marked as umbrella as the risk of double counting is low.

📚 Sources & References

中国政府免除吉布提政府部分债务
Deux berceaux de civilisations
SAIS-CARI China's Debt Cancellation In Africa Database*
Debt Relief with Chinese Characteristics 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.