China donates FCFA 35 billion to Republic of the Congo (linked to project ID #88157)
Pledged amount
$ 63116513.083151504
Adjusted pledged amount
$ 63116513.083151504
Constant 2021 USD
Not recommended for aggregates
This project is not recommended for use in creating aggregated sums. See the documentation for more information about this criteria.
Summary
Funding agency [Type]
Unspecified Chinese Government Institution [Government Agency]
Recipient
Congo (Brazzaville)
Sector
Unallocated/unspecified (Code: 998)
Flow type
Grant
Infrastructure
No
Category
Project lifecycle
Description
On February 4, 2021 Chinese ambassador, Ma Fulin, held an audience with the President of the Republic, Denis Sassou N'Guesso, where he stated China's intent to donate 100,000 doses of the coronavirus vaccine to the government of the Democratic Republic of the Congo (see project ID #93571). This donation came alongside a debt cancellation agreement (see: Project ID# 88157) and a donation of FCFA 35 billion. Then, on February 13, 2021, the Chinese Government signed an agreement with the Government of the Republic of Congo to forgive about 7.8 billion CFA francs of the Congo's outstanding debt. The debt forgiveness applies specifically to two interest-free loan payments that were due in December 2020. At the same time, Chinese Ambassador to Congo Ma Fulin indicated China's intent to donate FCFA 35 billion for unspecified cooperation projects.
Additional details
Number of official sources
0
Number of total sources
5
Details
Cofinanced
No