Chinese Government cancels RMB 30 million of Government of Cameroon's outstanding debt obligations

📋 Staff Comments

The loans forgiven through this action were almost certainly interest-free loans committed through previous ETCAs. As such, the loans likely had maturity lengths of 20-years and since they had reached maturity no later than 2010, they were almost certainly contracted prior to 2000. Therefore, AidData has not assigned this record to the umbrella category (as there is little risk of double counting the monetary value of the debts that were forgiven).

📚 Sources & References

• Mapping Chinese Development Assistance in Africa
• China–Cameroon relations: Fortunes and limits of an old political complicity
• SAIS-CARI China's Debt Cancellation In Africa Database*
• 中喀签署免债议定书
• China and Cameroon Sign Debt Exemption Protocol
• On August 13th
• Chinese Ambassador to Cameroon Xue Jinwei and Cameroonian Minister of Finance Ehimi Munje Lazar, representing the governments of China and Cameroon, respectively, signed a protocol for the Chinese government to cancel some of the debts of the Cameroonian government.
• 中喀签署免债议定书
• Ambassador Xue Jinwei and Cameroon signed the China-Cameroon Debt Exemption Protocol, https://www.academia.edu/17830632/THE_EFFECTIVENESS_OF_CHINESE_FINANCING_MECHANISMS_ON_AFRICAN_DEVELOPMENT_PROJECTS_Case_of_Cameroon, 《中国与非洲经贸合作(2013)白皮书》(全文))
• 中国的对外援助(2014) 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.