Chinese Government cancels RMB 730 million of the Government of Yemen’s outstanding repayment obligations

📋 Staff Comments

1. 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 2017, 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

• موقع ( لا ) الأخباري - شواهد تاريخية من جدارية العلاقات الروسية والصينية مع اليمن (أيهما يسير بمسافة واحدة مع مصالح الشعب اليمني؟!), توقيع اتفاقية اعفاء اليمن من ديون لجمهورية الصين الشعبية - المصدر أونلاين, الصين بالعربي » الصين.. إعفاء اليمن من ديون تقدر بـ 700 مليون يوان, الصين تُعفي اليمن من ديون تصل لأكثر من 100 مليون دولار, الصين تعفي اليمن من ديون تفوق 100 مليون دولار
• Yemen external debt edges up to US$5.9 bln 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.