Asia Finance Headlines Mauritania

Mauritania and China Sign Agreement on Partial Debt Cancellation

Mauritania and China have signed a MoU in Nouakchott on 29 June for the partial cancellation of Mauritania’s debt, marking a fresh step in bilateral economic cooperation.

The agreement was signed by Mauritanian Minister of Economic Affairs and Development Abdallahy Ould Souleymane Ould Cheikh Sidiya and Chinese Ambassador Tang Zhongdong.

Speaking at the ceremony, the Minister highlighted China’s longstanding role as a key development partner, and recalled that the Asian country has financed projects in healthcare, agriculture, fisheries, youth development, transport and infrastructure.

The Chinese envoy said the debt cancellation aligns with outcomes of the Forum on China–Africa Cooperation (FOCAC), describing it as evidence of Beijing’s commitment to translating pledges into concrete support for African partners. He added that relations between the two countries remain a model of South–South cooperation grounded in mutual respect and shared interests.

 

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