China provides 16.8 billion CFA loan for priority projects in Mali

Funder	China (People's Republic of)
Recipient Organization	Mali
Country	Mali
Start Date	Mar 08, 2012
End Date	Sep 09, 2029
Duration	6,394 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`30409`

Grant Description

China provides 16.8 billion CFA loan for priority projects in Mali On December 5, 2012, Mali and China signed a loan agreement worth 16.8 billion FCFA to finance priority projects to improve the people's standard of living in Mali.

The loan agreement was signed in Bamako, the Malian capital, by Malian Minister of Foreign Affairs and International Cooperation, Tieman Coulibaly, and Chinese Ambassador to Mali Cao Zong Ming. 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.