Completed Development AidData Chinese Aid

Chinese Government cancels $9.38 million of the Government of CAR’s outstanding debt obligations

¥9.38M RMB

Funder	China Ministry of Commerce
Recipient Organization	Government of the Central African Republic
Country	Central African Republic
Start Date	Nov 26, 2001
End Date	May 13, 2033
Duration	11,491 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`373`

Grant Description

On November 26, 2001, the Chinese Government and the Government of Central African Republic (CAR) signed an agreement, which cancelled $9.38 million of the Government of CAR’s outstanding debt obligations.

These obligations resulted from two previously contracted loans that had reached their maturity dates by the time of the 2001 debt forgiveness agreement: an RMB 30 million loan and a loan worth 20 million French Francs (contracted prior to France’s transition from the Franc to the Euro).

📋 Staff Comments

These canceled debts are not included in the dataset of Chinese debt cancellations and restructurings released by SAIS-CARI in 2020. This project is not marked as umbrella since the loans contracted were before 2000, so there is no risk of double counting.

📚 Sources & References

商务参赞访谈
与我国驻中非大使馆经商参处乐汉波参赞网上交流
与我国驻中非大使馆经商参处乐汉波参赞网上交流
Prime minister, officials hold talks with Chinese delegation., 40 ANS DE MISSION MÉDICALE CHINOISE EN CENTRAFRIQUE
Chinese Loans to Africa Database 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 the Central African Republic

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