Chinese Government reschedules loan to Yemen for textile factory by extending repayment period

Funder	Unspecified Chinese Government Institution
Recipient Organization	Government of Yemen
Country	Yemen
Start Date	Jan 01, 2003
End Date	Sep 21, 2027
Duration	9,029 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`64628`

Grant Description

On December 17, 2003, the Chinese Government and the Government and Yemen reportedly signed a debt rescheduling agreement, which extended the repayment period (and period of use) of a loan that the Government of Yemen obtained on February 16, 1998 for the development of a textile factory.

The rescheduling agreement was signed by Deputy Primer and Minister of Planning and International Cooperation Ahmad Sofan along with the Chinese Deputy Commerce Minister Wei Jiam Quo.

📋 Staff Comments

One media source indicates that the loan was contracted in 1996 rather than 1998. This issue merits further investigation.

📚 Sources & References

THE YEMEN-CHINA ECONOMIC
COMMERCIAL
AND TECHNICAL RELATIONS DURING ALI ABDULLAH SALEH'S ADMINISTRATION FROM 1990 TO 2012
China reschedules Yemeni loan 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.