Chinese Government cancels $5 million of the Government of Comoros’ outstanding obligations

$5M USD

Funder	China Ministry of Commerce
Recipient Organization	Government of Comoros
Country	Comoros
Start Date	Jan 01, 2001
End Date	Jul 15, 2027
Duration	9,691 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`57272`

Grant Description

In 2001, the Chinese Government reportedly cancelled $5 million of the Government of Comoros’ outstanding debt obligations. Based on the letter of intent, the submission of this plan was made to the World Bank on July 5th, 2001

📋 Staff Comments

This project is not marked as an umbrella project because we do not capture any loans to Comoros before 2010, so there is no risk of double counting.

📚 Sources & References

Letter of Intent of the government of Comoros
专访科摩罗总统桑比：中非合作堪称典范
Debt Relief with Chinese Characteristics
SAIS-CARI China's Debt Cancellation In Africa Database*
Comoros : Statistical Appendix
Comoros : Staff Report for the 2002 Article IV Consultation and Review of Performance Under a Staff-Monitored Program 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.