Chinese Government cancels $12.3 million of the Government of Suriname’s outstanding obligations

$12.3M USD

Funder	China Ministry of Commerce
Recipient Organization	Government of Suriname
Country	Suriname
Start Date	Dec 01, 2019
End Date	Dec 15, 2030
Duration	4,032 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`92508`

Grant Description

According to the Government of Suriname, the Chinese Government canceled $12.3 million of the Government of Suriname’s outstanding debt obligations in December 2019.

📋 Staff Comments

1. Umbrella left unchecked at this cancellation likely applied to interest free loans contracted pre-2000, thus avoiding the risk of double counting

📚 Sources & References

Suriname Verdrinkt in Chinese Schuld, ‘China scheldt 12,3 miljoen USD schuld Suriname kwijt en schenkt 14 miljoen USD’
BOUTERSE BLIKT TEVREDEN TERUG OP BEZOEK CHINA 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.