Chinese Government cancels $9.38 million of the Government of CAR’s outstanding debt obligations
Constant 2017 USD
Funding agency [Type]
China Ministry of Commerce [Government Agency]
Central African Republic
Action relating to debt (Code: 600)
On November 26, 2001, the Chinese Government and the Government of Central African Republic (CAR) signed an agreement, which cancelled $9.38 million of the Government of CAR’s outstanding debt obligations. These obligations resulted from two previously contracted loans that had reached their maturity dates by the time of the 2001 debt forgiveness agreement: an RMB 30 million loan and a loan worth 20 million French Francs (contracted prior to France’s transition from the Franc to the Euro).
These canceled debts are not included in the dataset of Chinese debt cancellations and restructurings released by SAIS-CARI in 2020. This project is not marked as umbrella since the loans contracted were before 2000, so there is no risk of double counting.
Number of official sources
Number of unofficial sources
Receiving agencies [Type]
Government of the Central African Republic [Government Agency]