Completed Development AidData Chinese Aid

Chinese Government cancels RMB 294 million of the Government of Mozambique’s outstanding debt obligations

¥294M RMB

Funder	China Ministry of Commerce
Recipient Organization	Government of Mozambique
Country	Mozambique
Start Date	Jan 01, 2007
End Date	May 09, 2027
Duration	7,433 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`33903`

Grant Description

On February 8, 2007, under the framework of the Forum on China–Africa Cooperation (FOCAC), the Chinese Government agreed to cancel the Government of Mozambique’s outstanding debt obligations by RMB 294 million.

These obligations resulted from loans that the Government of Mozambique previously contracted with the Chinese Government. These loans were set to mature on or before December 31, 2005.

📋 Staff Comments

This debt forgiveness project is not marked as an umbrella project since AidData captured loans provided from 2000-2005 but the maturity date of these loans are likely after 2005, which are not included in the loans forgiven in 2007.

📚 Sources & References

Brazil and China in Mozambican Agriculture: Emerging Insights from the Field
Mozambique, http://www.focac.org/eng/ltda/dscbzjhy/FA32009/t459449.htm
Debt Relief with Chinese Characteristics
President touts opportunity for cooperation
中国同莫桑比克的关系
Implementation of Follow-up Actions of the Beijing Summit of the Forum on China-Africa Cooperation
中国驻莫桑比克大使田广凤就中非合作论坛北京峰会召开一周年接受莫主流媒体联合采访
Patterns of Chinese investment, aid and trade in Mozambique 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.