Chinese Government cancels RMB 130 million of the Government of Congo-Brazzaville’s outstanding debt obligations

¥130M RMB

Funder	China Ministry of Commerce
Recipient Organization	Government of Republic of Congo
Country	Congo
Start Date	Jun 23, 2019
End Date	Sep 24, 2027
Duration	3,015 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`91658`

Grant Description

On June 23, 2019, the Chinese Government agreed to cancel RMB 130,000,000 of the Government of the Republic of Congo’s outstanding debt obligations.

These obligations resulted from one or more interest-fee loans that the Government of the Republic of Congo previously contracted with the Chinese Government.

📋 Staff Comments

1. This record is marked as an umbrella record because AidData it is likely that the interest-free loan was contracted on or after calendar year 2000, which poses a risk of double-counting.

📚 Sources & References

Encore un pas de franchi dans la coopération Sino congolaise
E n c o r e u n p a s d e f r a n c h i d a n s l a c o o p é r a t i o n S i n o c o n g o l a i s e
REPONSES AUX QUESTIONS DE L’HONORABLE Venance MOGNA PAR MONSIEUR Clément MOUAMBA
PREMIER MINISTRE
CHEF DU GOUVERNEMENT
Debt Relief with Chinese Characteristics
SAIS-CARI China's Debt Cancellation In Africa Database*
Assistant Foreign Minister Chen Xiaodong answers reporters' questions 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.