Chinese Government cancels Rs 450 million of Government of Mauritius' outstanding debt obligations

$450M USD

Funder	Unspecified Chinese Government Institution
Recipient Organization	Government of Mauritius
Country	Mauritius
Start Date	Nov 07, 2016
End Date	Jul 21, 2026
Duration	3,543 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`55487`

Grant Description

In November 2016, China agreed to write off a 450 million Rs debt to Mauritius to help continue positive relations between the countries. This decision came after the 10th Sino-Mauritius Joint Economic Commission was held in Beijing.

📋 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-Mauritius: China writes off debts amounting to Rs 450 million
China writes off Rs 450 million Mauritian debt
China-Mauritius: China writes off debts amounting to Rs 450 million
China-Mauritius: China writes of f debts amounting to Rs 450 million 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.