Completed Development AidData Chinese Aid

Chinese Government agrees to partially exempt the Government of Togo’s outstanding debt obligations

Funder	Unspecified Chinese Government Institution
Recipient Organization	Government of Togo
Country	Togo
Start Date	May 30, 2016
End Date	May 16, 2026
Duration	3,638 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`64974`

Grant Description

On May 30, 2016, during President of Togo Faure Gnassingbé's state visit to China, the Chinese Government agreed to cancel a portion of Government of Togo’s outstanding debt obligations. The debt cancelled matured on or before December 31, 2015.

📋 Staff Comments

1) The monetary value of the debts that were forgiven is not identified by any of the underlying sources. This issue merits further investigation.2) The loans forgiven through this action were almost certainly interest-free loans committed through previous ETCAs. As such, the loans likely had maturity lengths of 20-years and since they had reached maturity no later than 2015, they were almost certainly contracted prior to 2000. Therefore, AidData has not assigned this record to the umbrella category (as there is little risk of double counting the monetary value of the debts that were forgiven).

📚 Sources & References

Don chinois de € 27 millions à l'agriculture au Togo
Méga financements chinois et remise de dette
Visite du Chef de l'Etat en Chine: plusieurs accords et conventions de financement signés
Effacement partiel de dette, conventions de financement…, l’essentiel de la visite de Faure Gnassingbé…
Effacement partiel de dette, conventions de financement…, l’essentiel de la visite de Faure Gnassingbé chez Xi Jiping
En Chine
Faure Gnassingbé décroche plus de 100 millions d’euros de financements
Fruits de la visite d’Etat de Faure Gnassingbé en Chine 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.