Completed Development AidData Chinese Aid

Chinese Government cancels RMB 20 million of the Government of CAR’s outstanding debt obligations (Linked to Record ID#86588 and ID#378)

¥20M RMB

Funder	China Ministry of Commerce
Recipient Organization	Government of the Central African Republic
Country	Central African Republic
Start Date	Jun 24, 2019
End Date	Jul 14, 2030
Duration	4,038 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`86586`

Grant Description

On June 24, 2019, the Chinese Government and the Government of the Central African Republic (CAR) signed an agreement, which cancelled RMB 20 million (1 billion CFA francs) of the Government of CAR’s outstanding debt obligations.

These obligations appear to be the result of an interest free-loan that the Chinese Government issued to the CAR Government on March 11, 2004 (as captured via Record ID#378).

The agreement was signed by CAR Minister of the Economy, Planning and Cooperation, Félix Moloua, and the Chinese Ambassador to the Central African Republic, Chen Dong.

CAR President Faustin-Archange Touadéra, CAR Prime Minister Firmin Ngrébada, and some members of the government including Ministers Henri-Marie Dondra of Finance and Budget, Marie-Noël Koyara of National Defense, Sylvie Baïpo of Foreign Affairs and Pierre Somsé of Health were present at the signing of the agreement.

📋 Staff Comments

On the same day, the Chinese Government and the Government of the Central African Republic signed an RMB 200 million grant agreement (as captured via Record ID#86588).
To avoid double-counting, AidData has set the umbrella_project field to True since the loan that was forgiven was first contracted in 2004.

📚 Sources & References

La Chine octroie une aide budgétaire à la République centrafricaine
Mbi la Gué _ La Chine octroie une aide budgétaire à la République centrafricaine.pdf
République centrafricaine _ demande d’u...pport du FMI n° 20_1; 10 décembre 2019.pdf
RAPPORT DE GESTION DE LA DETTE PUBLIQ UE DE L’EXERCICE BUDGETAIRE 2021
Reporting de la dette 2eme Semestre 2020.pdf 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.