Chinese Government provides $1.9 million interest-free loan to CAR to pay civil servants and sort out its public finance

In September 2003, the Chinese Government provided a $1.9 million interest-free loan to the Government of the Central African Republic to 'sort out public finances' and pay civil servant salaries. Chinese Ambassador to the Central African Republic Wang Ci Fa was present at the loan signing ceremony. Agence France Presse reports that the transaction was denominated in CFA Francs (see 'China loans Bangui $2 million to pay civil servants' and 'China to help Central African Republic clean up public finances.'). This project follows a 2.5 million dollar grant in April 2003, which allowed the Francois Bozize administration to pay one month of salary arrears inherited from his predecessor Ange-Felix Patasse, who was ousted in a March coup (see #378).

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