Chinese Government forgives RMB 20 million interest-fee loan for Melanesian Spearhead Group Headquarters Building Construction Project (Linked to Record ID#39210)

📋 Staff Comments

1. AidData has set Umbrella field to ‘Yes’ to avoid double-counting since the forgiven debt was originally contracted in August 2004 (as captured via Project ID#39210.
2. The debt cancellation agreement can be accessed in its entirety via https://www.dropbox.com/s/duws24x73ywngl1/Debt%20forgiveness%20agreement%20with%20Vanuatu.pdf?dl=0

📚 Sources & References

• China forgives overdue debt Vanuatu thought was gift
• China forgives overdue debt Vanuatu thought was a gift
• What's in the secret documents signed by China and Vanuatu at APEC?
• 中瓦签署合作协议 和衷共济 推动两国经济友好发展
• Protocol on Remitting Partial Debt of the Vanuatu Government between the Government of the People's Republic of China and the Government of the Republic of Vanuatu
• 驻瓦努阿图大使周海成会见瓦总理萨尔维
• 驻瓦努阿图大使周海成会见瓦总理萨尔维
• 驻瓦努阿图大使周海成出席中瓦共同推进“一带一路”建设谅解备忘录签署仪式 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.