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Chinese Government provides $1.9 million interest-free loan to CAR to pay civil servants and sort out its public finances (Linked to Record ID#378)
| Funder | Unspecified Chinese Government Institution |
|---|---|
| Recipient Organization | Government of the Central African Republic |
| Country | Central African Republic |
| Start Date | Nov 10, 2003 |
| End Date | Apr 14, 2030 |
| Duration | 9,652 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 375 |
Grant Description
Chinese Government provides $1.9 million interest-free loan to CAR to pay civil servants and sort out its public finances In September 2003, the Chinese Government provided a $1.9 million interest-free loan to the Government of the Central African Republic to 'sort out public finances' and pay civil servant salaries.
Chinese Ambassador to the Central African Republic Wang Ci Fa was present at the loan signing ceremony. Agence France Presse reported at the time that the transaction was denominated in CFA Francs.
The project followed a $2.5 million grant in April 2003 (captured via Record ID#378), which allowed the Francois Bozize administration to pay one month of salary arrears inherited from his predecessor Ange-Felix Patasse, who was ousted in a March coup.
Sources & References
- China loans Bangui $2 million to pay civil servants
- CHINA AND THE COUPS: COPING WITH POLITICAL INSTABILITY IN AFRICA
- Chinese Loans to Africa Database
- China to help Central African Republic clean up public finances. 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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