Chinese Government partially cancels the Lao Government’s outstanding obligations

Funder	Unspecified Chinese Government Institution
Recipient Organization	Government of Laos
Country	Lao People's Democratic Republic
Start Date	Nov 21, 2006
End Date	May 24, 2027
Duration	7,489 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`85327`

Grant Description

On November 21, 2006, the Chinese Government and the Government of Laos signed a partial debt exemption protocol, which cancelled the Government of Laos’s outstanding obligations under several interest-free loans that it previously contracted [《中国政府免除截至2004年底老挝政府对华到期无息贷款债务议定书》].

All of these interest-free loans reached their maturity dates by the end of 2004.

📋 Staff Comments

This debt forgiveness project is not marked as umbrella as the loans contracted would have been prior to 2000, so there is no risk of double counting.

📚 Sources & References

中国老挝发表联合声明
中老联合声明
中老联合声明
Mid-Term Evaluation Report Enhancing the Contribution of International Law to the Strengthening the Rule of Law in the Lao PDR 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.