Chinese Government reschedules the Government of Gabon’s outstanding debt obligations via interest rate reductions and maturity extensions

Funder	Unspecified Chinese Government Institution
Recipient Organization	Government of Gabon
Country	Gabon
Start Date	Nov 11, 2003
End Date	Nov 29, 2031
Duration	10,245 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`60524`

Grant Description

On November 11, 2003, the Government of Gabon and the Chinese Government signed a debt rescheduling agreement in Beijing, which reduced the interest rates and extended the maturity lengths of several loans that the Government of Gabon had previously contracted. No additional details are available.

📋 Staff Comments

These restructured debts are not included in the dataset of Chinese debt cancellations and restructurings released by SAIS-CARI in 2020. It is not clear which loans were related to this action, or how much those loans were worth.

📚 Sources & References

SAIS-CARI China's Debt Cancellation In Africa Database*
Zone Asie 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.