Completed Development AidData Chinese Aid

Chinese Government cancels $13.5 million of the Government of Tanzania’s outstanding debt obligations

$31.4M USD

Funder	China Ministry of Commerce
Recipient Organization	Government of Tanzania
Country	Tanzania
Start Date	Nov 03, 2022
End Date	Jan 27, 2026
Duration	1,181 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`101579`

Grant Description

On November 3, 2022, the Chinese Government and the Government of Tanzania signed a debt forgiveness agreement.

China’s Ministry of Commerce (MOFCOM) agreed to cancel approximately $13.5 million (TZS 31.4 billion) of the Government of Tanzania’s outstanding debt obligations.

📋 Staff Comments

1. This record is marked as an umbrella record because the (cancelled) interest-free loan(s) in question was (were) likely contracted after calendar year 2000, which presents a risk of double-counting.

📚 Sources & References

…. China waives Tanzania’s debt worth 31.4bn/-
China-Tanzania ties sealed with 15 agreements during presidential visit
China restores belt and road initiative in Tanzania
Tanzanian leader seals 15 agreements during first visit
China-Tanzania ties sealed with 15 agreements during presidential visit
Tanzania is China’s gateway to Africa
进出口银行重点支持的坦桑尼亚项目贷款协议在中坦两国领导人见证下签署
进出口银行融资支持坦桑尼亚基础设施建设成果丰硕
China-Tanzania ties sealed with 15 agreements during presidential visit Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.