Chinese Government cancels RMB 30 million of the Government of Mozambique’s outstanding debt obligations

📋 Staff Comments

The loans forgiven through this action were almost certainly interest-free loans committed through previous ETCAs. As such, the loans likely had maturity lengths of 20-years and since they had reached maturity no later than 2016, they were almost certainly contracted prior to 2000. Therefore, AidData has not assigned this record to the umbrella category (as there is little risk of double counting the monetary value of the debts that were forgiven).

📚 Sources & References

• China to Forgive Part of Debt
• With US poised to slash foreign aid
• China in pole position to become world’s biggest donor
• China writes off EUR 4 million Mozambique debt
• China forgives $5 million of Mozambique's debt
• China forgives debt that Mozambique could not pay until last year
• Debt burden still sizeable, despite forgiveness from China
• China anuncia perdao parcial da divida mocambicana
• Moçambique: China perdoa parte da dívida moçambicana
• INTERVENÇÃO DE SUA EXCELÊNCIA NYELETI MONDLANE
• VICE-MINISTRA DOS NEGÓCIOS ESTRANGEIROS E COOPERAÇÃO POR OCASIÃO DA ASSINATURA DOS INSTRUMENTOS JURÍDICOS DE COOPERÇÃO ENTRE A REPÚBLICA DE MOÇAMBIQUE E A REPÚBLICA POPULAR DA CHINA 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.