China forgives 6 interest-free loans that Somalia contracted

Funder	China Ministry of Commerce
Recipient Organization	Government of Somalia
Country	Somalia
Start Date	Oct 06, 2009
End Date	Jul 01, 2031
Duration	7,938 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`65379`

Grant Description

On October 6, 2009, the Chinese Government and the Government of Somalia signed a debt forgiveness agreement in Nairobi, under which the Chinese Government agreed to forgive the Government of Somalia's outstanding debt obligations under 6 interest-free loan agreements that it previously contracted.

📋 Staff Comments

1. This record is not coded as an umbrella recorded because the original loan commitment is not captured in AidData's GCDF dataset, so there is no risk of double counting.

📚 Sources & References

中国已全面落实中非合作论坛北京峰会免债承诺 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.