Active Development AidData Chinese Aid

Chinese Government cancels RMB 50 million of the Government of Burundi's outstanding debt obligations in 2021 (Linked to Record ID#12303)

¥50M RMB

Funder	China Ministry of Commerce
Recipient Organization	Government of Burundi
Country	Burundi
Start Date	Jan 25, 2021
End Date	Oct 15, 2032
Duration	4,281 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`95512`

Grant Description

On January 25, 2021, the Chinese Government and the Government of Burundi signed a debt forgiveness agreement.

China’s Ministry of Commerce (MOFCOM) agreed to cancel RMB 50 million of the Government of Burundi’s outstanding debt obligations.

These obligations resulted from an interest-free loan (with a final maturity date of December 31, 2020) that the Government of Burundi contracted — through an Economic and Technical Cooperation Agreement (ECTA) — on August 21, 2009 (captured via Record ID#12303).

📋 Staff Comments

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

📚 Sources & References

Signature du protocole d’accord de don entre le Gouvernement de la République du Burundi et le Gouvernement de la République Populaire de Chine relatif à l’exemption partielle de paiement de dettes.
Signature du protocole d’accord de don entre le Gouvernement de la République du Burundi et le Gouvernement de la République Populaire de Chine relatif à l’exemption partielle de paiement de dettes. 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.