Chinese Government reschedules the Government of Albania’s post-1978 arrears

$39.62M USD

Funder	China Ministry of Commerce
Recipient Organization	Albania Ministry of Finances
Country	Albania
Start Date	Dec 18, 2001
End Date	Nov 24, 2033
Duration	11,664 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`66627`

Grant Description

Chinese Government reschedules the Government of Albania’s post-1978 arrears On December 18, 2001, the Chinese Government and the Government of Albania signed a debt rescheduling agreement (Marrëveshje për riskedulimin e borxheve).

Under the terms of this agreement, the Government of Albania’s outstanding debt obligations (resulting from post-1978 arrears) were consolidated and it agreed to repay $39,615,310 to the Chinese Government over an 11.5-year repayment period (beginning on May 30, 2004 and ending on November 30, 2015).

📋 Staff Comments

1. Given that the consolidated debts are not captured elsewhere in AidData's dataset, we treat the December 18, 2001 debt rescheduling agreement as a loan agreement and code the record's flow type as a Loan rather than a Debt Rescheduling.

📚 Sources & References

Shërbimi Konsullor Online: Bashkëpunimi politik
Rregjistri i kredive aktive shteterore, 2008 Regjistri i Borxhit/ Debt Register 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.