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Chinese Government pledge loan worth CFA 40 billion for Phase 5 of Rainfed Rice Project
| Funder | Unspecified Chinese Government Institution |
|---|---|
| Recipient Organization | Government of Burkina Faso |
| Country | Burkina Faso |
| Start Date | Jan 01, 2019 |
| End Date | Jun 07, 2033 |
| Duration | 5,271 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 60129 |
Grant Description
Chinese Government pledge loan worth CFA 40 billion for Phase 5 of Rainfed Rice Project According to the IMF, in 2019 China will loan Burkina Faso FCFA 40 billion for the fifth phase of the Rainfed Rice Project ("Projet de Développement de la Riziculture" or "Project Riz Pluvial"). Exact loan details are unknown at this time, but the 2018 IMF report states that the financing is concessional.
Since 2001, Burkina Faso has implemented a program to increase the efficiency of production and production of rice, with the help of Taiwan.
In 2018, Burkina Faso cut ties with Taiwan and established a diplomatic relationship with the People's Republic of China.
Part of the agreement for the re-establishment of diplomatic ties was that China would agree to continue funding projects that Taiwan had been funding or had promised to fund.
Staff Comments
It is unclear whether the agreement has been fully negotiated yet or this is a pledge due to the fact that Taiwan has been funding phases of the same project since 2001.
Sources & References
- Projet Riz Pluvial
- Projet Riz PLuvial
- Burkina Faso: 2018 Article IV Consultation 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 Burkina Faso
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