Completed Development AidData Chinese Aid

Chinese Government cancels RMB 178 million of the Government of Mauritania’s outstanding debt obligations in 2023

¥178M RMB

Funder	China Ministry of Commerce
Recipient Organization	Government of Mauritania
Country	Mauritania
Start Date	Aug 18, 2023
End Date	Oct 20, 2030
Duration	2,620 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`104638`

Grant Description

On August 18, 2023, the Government of the People's Republic of China and the Government of Mauritania signed a debt forgiveness agreement in Nouakchott. The agreement was signed by Mauritania’s Minister of Economy and Sustainable Development, Mr. Abdessalam Ould Mohamed Saleh, and the Chinese Ambassador to Mauritania, Mr.

Li Baijun.

Under this agreement, the Chinese Ministry of Commerce (MOFCOM) agreed to cancel RMB 178 million (approximately USD 24.5 million) of Mauritania’s outstanding debt obligations.

These obligations stemmed from three interest-free loans previously extended by China, which were originally scheduled to mature on December 31, 2021. This debt cancellation aligns with China's broader commitment to support African nations' economic development and debt sustainability.

Interest-free loan forgiveness has been a recurring feature of China's engagement with Africa, often announced during the Forum on China-Africa Cooperation (FOCAC) summits.

Such gestures are part of China's diplomatic efforts to strengthen bilateral relations and promote sustainable development in partner countries.

📋 Staff Comments

1. Interest free loans from the Chinese Ministry of Commerce typically carry 20-year maturity terms. While the precise the loans that have been forgiven are unknown, it is very likely they are captured elsewhere in the dataset. As such, the umbrella box has been set to 'Yes' to avoid double-counting the transaction amount.

📚 Sources & References

Signature d'un accord relatif à la suppression partielle de la dette chinoise envers la Mauritanie
Mauritanie: La Chine accorde à la Mauritanie une annulation de 12 milliards de francs de dette, 19 août 2023
La Chine accorde à la Mauritanie une annulation de 760.000.000 MRU de dette
Ambassador Li Baijun of China to Mauritania and the Minister of Economy and Sustainable Development of Mauritania jointly signed the Debt Relief Protocol
China Grants $21M Debt Relief to Mauritania
Mauritania
China Sign MoU on Canceling Part of Government Debt Owed to China, توقيع على مذكرة اتفاق تلغي جزء من الديون الصينية المستحقة على بلادنا 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.

All Grantees

Government of Mauritania

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