Active Development AidData Chinese Aid

Chinese Government agrees to cancel RMB 100 million of Government of Mali's outstanding debt obligations

¥100M RMB

Funder	Unspecified Chinese Government Institution
Recipient Organization	Government of Mali
Country	Mali
Start Date	Nov 07, 2017
End Date	Apr 15, 2033
Duration	5,638 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`58820`

Grant Description

In November 2017, during the 2nd session of the Joint Commission for Economic, Commercial and Technical Cooperation between the Republic of Mali and the People's Republic of China, a Memorandum of Understanding (MoU) relating to the exemption of the partial debts of Mali for an amount of 100 million RMB, or approximately 8 billion CFA Francs, was signed.

It is unclear which loans are affected by this MoU or its current status.

📋 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 2017, 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

2ND SESSION OF THE JOINT COMMISSION FOR ECONOMIC
COMMERCIAL AND TECHNICAL COOPERATION BETWEEN THE REPUBLIC OF MALI AND THE PEOPLE'S REPUBLIC OF CHINA.
COMMUNIQUÉ, 2eme session de la Commissionmixte de Cooperation Economique
Commerciale et Technique entra la Republique du Mali et la Republique Populaire de Chine 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.