Chinese Government provides RMB 5,848,000 of debt forgiveness (Linked to Record ID#54826)

¥5.85M RMB

Funder	Unspecified Chinese Government Institution
Recipient Organization	Government of Bolivia
Country	Bolivia
Start Date	Apr 28, 2017
End Date	Oct 13, 2030
Duration	4,916 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`64923`

Grant Description

On April 28, 2017, the Chinese Government forgave RMB 5,848,000 of the Government of Bolivia’s outstanding debt obligations under a previous interest-free loan (worth RMB 14,620,000) that it contracted in 2004 for the 4.3 km Buenos Aires Avenue Asphalting Project (see Record ID#54826).

The Government of Bolivia had already repaid RMB 8,772,000 from this interest-free loan, and the Chinese Government forgave the outstanding balance of the loan (RMB 5,848,000).

📋 Staff Comments

The loan being forgiven in this project is captured in another transaction in the dataset, so this debt forgiveness project has been marked as umbrella to avoid double counting the value of the debt forgiveness.

📚 Sources & References

Wu Yuanshan
Ambassador to Bolivia Attends Signing Ceremony of China-Bolivia Agreement
China forgives Bolivia at least $ 800,000 of a line of credit
China forgives $ 800,000 debt to Bolivia
INFORME de la DEUDA EXTERNA PÚBLICA AL 31 DE DICIEMBRE DE 2017 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.