Chinese Ministry of Commerce donates USD 100 million to Cuba for emergency debt relief in November 2022

$100M USD

Funder	China Ministry of Commerce
Recipient Organization	Cuba Ministry of Foreign Trade and Foreign Investment
Country	Cuba
Start Date	Nov 25, 2022
End Date	Dec 28, 2026
Duration	1,494 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`99381`

Grant Description

On November 25, 2022, the Chinese Ministry of Commerce provided Cuba with a USD 100 million donation for priorities of the island's economy, which include responding to the economic crisis and debt relief.

📚 Sources & References

China pledges $ 100 mn to Cuba , discusses new debt terms : minister
Cuba wins China debt relief, new funds
China pledges $100,000 mn to Cuba, discusses new debt terms
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China announces $100 million donation to Cuba
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Díaz-Canel sobre visita a China: Los resultados son satisfactorios, se van por encima de nuestras expectativas 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.