Chinese Government reschedules loan via repayment extension

Funder	Unspecified Chinese Government Institution
Recipient Organization	Government of Mongolia
Country	Mongolia
Start Date	Jun 19, 2008
End Date	Mar 11, 2027
Duration	6,839 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`86173`

Grant Description

On June 19, 2008, the Chinese Government and the Government of Mongolia signed an exchange of letters, in which the Chinese Government allowed the Government of Mongolia to defer repayment on a loan that it previously contracted with an unspecified Chinese Government lender. The loan’s signature, face value, borrowing terms and purpose are unknown.

📋 Staff Comments

The Mongolian translation of the debt rescheduling agreement that was signed on June 19, 2008 is Зээлийн өрийг төлөх хугацааг хойшлуулах тухай Монгол Улсын Засгийн газар, БНХАУ-ын засгийн газар хоорондын солилцох захидал).

📚 Sources & References

THE PEOPLE'S REPUBLIC OF CHINA, АВСТРАЛИ УЛС
CURRENT SITUATION OF CURRENT SITUATION OF MONGOLIA MONGOLIA -CHINA TRADE AND CHINA TRADE AND ECONOMIC COOPERATION AND ECONOMIC COOPERATION AND FURTHER TRENDS 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.