Chinese Government cancels $11.5 million of Government of Samoa’s outstanding debt obligations (Linked to Record ID#64861)

📋 Staff Comments

One of the interest-free loans that was forgiven was for the construction of the Apia Sports Complex (see Project ID#64861). This loan was contracted during the 1980s. The other debts that were forgiven are unknown.One source (http://www.pireport.org/articles/2011/11/08/china-builds-40-million-government-tower-fiji) suggests that the Chinese Government may have offered $13 million of additional debt forgiveness between 2006 and 2011. This issue requires further investigation.This debt forgiveness project is not marked as an umbrella project since the original loan was contracted before 2000, so there is no risk of double counting.

📚 Sources & References

• The Samoan Experience
• Chinese Assistance in the Pacific: Agency
• Effectiveness and the Role of Pacific Island Governments
• China to fund new court, parliament building in Samoa
• China to fund new court
• MP building in Samoa
• The Dragon Looks South
• Examining the Debt Implications of the Belt and Road Initiative from a Policy Perspective
• CHINA BUILDS $40 MILLION GOVERNMENT TOWER FOR FIJI
• Bartke 1989 The Economic Aid of the PR China to Developing and Socialist Countries
• 中国对外开放30周年回顾展 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.