Chinese Government agrees to cancel RMB 100 million of Government of Mali's outstanding debt obligations

In November 2017, during the 2nd session of the Joint Commission for Economic, Commercial and Technical Cooperation between the Republic of Mali and the People's Republic of China, a Memorandum of Understanding (MoU) relating to the exemption of the partial debts of Mali for an amount of 100 million RMB, or approximately 8 billion CFA Francs, was signed. It is unclear which loans are affected by this MoU or its current status.

Additional details

The loans forgiven through this action were almost certainly interest-free loans committed through previous ETCAs. As such, the loans likely had maturity lengths of 20 years and since they had reached maturity no later than 2017, they were almost certainly contracted prior to 2000. Therefore, AidData has not assigned this record to the umbrella category (as there is little risk of double counting the monetary value of the debts that were forgiven).

Number of official sources

0

Number of total sources

3