Chinese Government cancels $4.24 million of the Government of Cambodia’s outstanding obligations

$4.24M USD

Funder	Unspecified Chinese Government Institution
Recipient Organization	Government of Cambodia
Country	Cambodia
Start Date	Nov 05, 2010
End Date	Jun 27, 2029
Duration	6,809 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`62902`

On November 5, 2010, the Chinese Government canceled $4.24 million of the Government of Cambodia’s total outstanding obligations.

These debts resulted from loans that the Government of Cambodia previously contracted and were scheduled to mature in 2010.

The debt forgiveness agreement was formalized during a meeting with Prime Minister Hun Sen at the Premier’s Cabinet building in Phnom Penh.

Loans with a maturity period ending in 2010 pose little risk of double-counting, so AidData has not marked this as an Umbrella project.

China's billions reap rewards in Cambodia
Hun Sen Trip To China Yields Loans
Aid
China To Forgive Cambodia’s 2010 Debt
China Forgives $4 Million in Khmer Rouge-era Debt
吴邦国同柬埔寨首相会晤中方免除柬方债务
中柬簽多項諒解備忘錄．投資總額16億美元
China Forgives $4 Million in Khmer Rouge-era Debt
AIDE MEMOIRE ON CAMBODIA-CHINA COOPERATION 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.