Chinese Government reschedules Cuba's debt from 1990 loan agreement in 2000 (Linked to Record ID#69225)

Funder	Unspecified Chinese Government Institution
Recipient Organization	Government of Cuba
Country	Cuba
Start Date	Jan 01, 2000
End Date	Nov 05, 2027
Duration	10,170 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`88296`

Grant Description

In 2000, the Chinese Government rescheduled the debt repayment schedule of a government loan it had issued to Cuba in 1990 by extending it for 10-years. The rescheduled repayment period was to begin by the end of 2010.

However, on December 21, 2010, during the 23rd Session of the Intergovernmental Commission between Cuba and China, the Cuban Government and the China Export & Credit Insurance Corporation (SINOSURE) signed an exchange of letters to extend the repayment period by another 10-years (see linked Record ID#69225).

📚 Sources & References

Cuba to Restructure its External Debt with China
Cuba-China Rearranged Trade Ties
China restructures Cuban debt, backs reform
Cuba and China Renegotiate Debt
Cuba and China renegotiate debt 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.