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Overview

Chinese Government provides RMB 200 million grant for general budget support purposes in 2019 (Linked to Record ID#86586)

Commitments (Constant USD, 2023)$30,231,555
Commitment Year•2019Country of Activity•Central African RepublicDirect Recipient Country of Incorporation•Central African RepublicSector•General Budget SupportFlow Type•Grant

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Jun 24, 2019
Start (actual)
Jun 24, 2019
End (actual)
Jun 24, 2019

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Funding agencies

Government Agencies

  • China Ministry of Commerce

Receiving agencies

Government Agencies

  • Government of the Central African Republic

Loan description

Chinese Government provides RMB 200 million grant for general budget support purposes in 2019 (Linked to Record ID#86586)

Narrative

Full Description

Project narrative

On June 24, 2019, the Chinese Government and the Government of the Central African Republic signed an RMB 200 million grant agreement. The proceeds of the grant were to be used for general budget support purposes. The agreement was signed by the Minister of the Economy, Planning and Cooperation, Félix Moloua, and the Chinese Ambassador to the Central African Republic, Chen Dong. President Faustin-Archange Touadéra, Prime Minister Firmin Ngrébada, some members of the government including Ministers Henri-Marie Dondra of Finance and Budget, Marie-Noël Koyara of National Defense, Sylvie Baïpo of Foreign Affairs and Pierre Somsé of Health were present at the signing of these documents.

Staff comments

1. The signing ceremony of the documents took place in Bangui, the capital of the Central African Republic. 2. At the same event, Félix Moloua and Chen Dong announced the Chinese Government would forgive RMB 20 million (1 billion CFA francs) of the CAR Governments’s repayment obligations (as captured via Record ID#86586).