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Chinese Government provides RMB 200 million grant for general budget support purposes in 2019 (Linked to Record ID#86586)
| Funder | China Ministry of Commerce |
|---|---|
| Recipient Organization | Government of the Central African Republic |
| Country | Central African Republic |
| Start Date | Jun 24, 2019 |
| End Date | Apr 26, 2027 |
| Duration | 2,863 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 86588 |
Grant Description
On June 24, 2019, the Chinese Government and the Government of the Central African Republic signed an RMB 200 million grant agreement. The proceeds of the grant were to be used for general budget support purposes.
The agreement was signed by the Minister of the Economy, Planning and Cooperation, Félix Moloua, and the Chinese Ambassador to the Central African Republic, Chen Dong.
President Faustin-Archange Touadéra, Prime Minister Firmin Ngrébada, 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 these documents.
Staff Comments
- The signing ceremony of the documents took place in Bangui, the capital of the Central African Republic.
- At the same event, Félix Moloua and Chen Dong announced the Chinese Government would forgive RMB 20 million (1 billion CFA francs) of the CAR Governments’s repayment obligations (as captured via Project ID#86586).
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 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 the Central African Republic
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