Chinese Government cancels RMB 123.74 million of the Government of Burkina Faso’s outstanding debt obligations

📋 Staff Comments

1. This record is not marked as an umbrella record because AidData does not capture any official sector loans from China to Burkina Faso from 2000 to 2017, so there is no risk of double-counting.
2. The precise date on which the debt forgiveness agreement was signed is not known. This issue warrants further investigation. For the time being, AidData assumes that the agreement was signed on May 26, 2019 (when the two countries resumed diplomatic relations).
3. The monetary value of the debts forgiven by the Chinese Government were identified by an anonymous source in Burkina Faso's Ministry of Foreign Affairs (see https://www.dropbox.com/s/jaut7u703hfik9q/Requ%C3%AAte%20concernant%20%C2%AB%20LE%20CHANGEMENT%20DE%20POLITIQUE%20ETRANGERE%20DANS%20LES%20RELATIONS%20INTERNATIONALES%20-%20CAS%20DES%20RELATIONS%20SINO-BURKINABE%20%C2%BB.pdf?dl=0).

📚 Sources & References

• LE CHANGEMENT DE POLITIQUE ETRANGERE DANS LES RELATIONS INTERNATIONALES : CAS DES RELATIONS SINO-BURKINABE.
• Burkina Faso–China relations
• The foreign aid policy of the People’s Republic of China: A theoretical analysis 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.