Completed Development AidData Chinese Aid

Chinese Government cancels RMB 75 million of the Government of Cote d'Ivoire’s outstanding obligations

¥75M RMB

Funder	China Ministry of Commerce
Recipient Organization	Government of Côte d'Ivoire (Ivory Coast)
Country	Cote d'Ivoire
Start Date	Jan 01, 2011
End Date	Dec 19, 2030
Duration	7,292 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`66421`

Grant Description

On June 23, 2011, the Chinese Government cancelled RMB 75 million (CFA 5,478,657,300) of the Government of Cote d'Ivoire’s outstanding debt obligations.

These obligations resulted from multiple unspecified interest-free loans that had reached their maturity dates by the end of 2009.

📋 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 2009, 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

Government of Cote d'Ivoire 2015 Bond Prospectus
Direction de la dette publique
China deeply involved in fighting poverty in Cote d'Ivoire
Côte d'Ivoire : le vice-ministre chinois des AE reçu par le président Alassane Ouattara
La Chine annule une partie de la dette, et octroie un prêt et un don à la Côte d`Ivoire
L'envoyé spécial du gouvernement chinois et Vice-Ministre des Affaires étrangères Zhai Jun visite la Côte d'Ivoire et s'entretient avec le Ministre d'Etat et Ministre des Affaires étrangères ivoirien Daniel Kablan Duncan
SAIS-CARI China's Debt Cancellation In Africa Database, Китайская помощь, 《中国与非洲经贸合作(2013)白皮书》(全文))
中国的对外援助(2014)
Debt Relief with Chinese Characteristics
IMF Country Report No. 13/171 - Cote d'Ivoire 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.