Active Development AidData Chinese Aid

Chinese Government cancels RMB 59.29 million of the Government of Mauritania’s outstanding debt obligations in 2021

¥59.29M RMB

Funder	China Ministry of Commerce
Recipient Organization	Government of Mauritania
Country	Mauritania
Start Date	Oct 26, 2021
End Date	Sep 20, 2027
Duration	2,155 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`93417`

Grant Description

On October 26, 2021 the Chinese Government and the Government of Mauritania signed a debt forgiveness agreement.

China’s Ministry of Commerce (MOFCOM) agreed to agreed to cancel RMB 59,290,000 of the Government of Mauritania’s outstanding debt obligations.

These obligations resulted from one or more interest-free loans that the Government of Mauritania had previously contracted.

📋 Staff Comments

1. This record is marked as an umbrella record because the (cancelled) interest-free loan (loans) was (were) potentially contracted after calendar year 2000, which presents a risk of double-counting.

📚 Sources & References

Signing an agreement between our country and China to cancel part of the debt
Signing of an agreement between Mauritania and China on the cancellation of part of the debt
Signature d’un accord entre la Mauritanie et la Chine relatif à l’annulation d’une partie de la dette
Signature d’un accord entre la Mauritanie et la Chine relatif à l’annulation d’une partie de la dette
Signature d’un accord entre la Mauritanie et la Chine relatif à l’annulation d’une partie de la dette 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.