Completed Development AidData Chinese Aid

Chinese Government cancels CFA 20 billion of the Government of Côte d'Ivoire’s outstanding loan repayment obligations

$33.33M USD

Funder	China Ministry of Commerce
Recipient Organization	Government of Côte d'Ivoire (Ivory Coast)
Country	Cote d'Ivoire
Start Date	Jun 24, 2019
End Date	Jun 04, 2026
Duration	2,537 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`88128`

Grant Description

On June 24, 2019, Ivorian Minister of Foreign Affairs, Amon Tanoh, and his Chinese counterpart, Yang Jiechi, signed a debt cancellation agreement.

Under the terms of the agreement, the Chinese Government cancelled loan repayment obligations of the Government of Côte d'Ivoire worth CFA 20 billion ($34.6 million).

📋 Staff Comments

At the same time, the Chinese Government granted a donation of CFA 18 billion to the Government of Cote d'Ivoire (as captured via Project ID#88129).
Further research is needed to determine what loans the cancellation applied to. To avoid potential double counting, AidData has marked this record as 'umbrella' meaning that this record's transaction amount is not recommended for calculation of aggregates.

📚 Sources & References

Côte d’Ivoire secures $31 mln donation and $34 mln in debt relief from China
Côte d’Ivoire : La Chine annule 20 milliards FCFA de dette et octroie 18 milliards FCFA en don
Côte d’Ivoire secures $31 mln donation and $34 mln in debt relief from China 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.