Completed Development AidData Chinese Aid

China Eximbank restructures Mozambique's outstanding debt obligations worth $2.02 billion

Funder	Export-Import Bank of China (China Eximbank)
Recipient Organization	Government of Mozambique
Country	Mozambique
Start Date	Mar 01, 2018
End Date	Sep 17, 2027
Duration	3,487 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`66283`

Grant Description

According to the IMF, the Chinese Government agreed at least in principle to reschedule Mozambique's outstanding debts in 2017.

Then, in March 2018, Mozambique’s Prime Minister Carlos Agostinho do Rosario announced that his government had signed a debt rescheduling agreement with the China Eximbank.

One month later, in April 2018, Stelia Neta, a National Director at the Ministry of Finance of Mozambique told Bloomberg News that the Government of Mozambique’s outstanding debt obligations to the China Eximbank amounted to $2.02 billion and the Chinese Government had agreed to extend the grace periods (and first principal repayments) on these outstanding debt obligations without changing their final maturity dates or interest rates.

📋 Staff Comments

1. Most of the loans that were rescheduled were reportedly from China Eximbank, and Mozambique's outstanding debt in 2018 matched the amount. This issue warrants further investigation.

📚 Sources & References

China
India Extend Grace Periods for Mozambique Debt Repayments
Debt Relief with Chinese Characteristics
China dá mais tempo a Moçambique para pagar dívida
BR_253_III_SÉRIE_2018
China
India extend grace period for Mozambique to repay debt
China
India extend grace periods for Mozambique debt repayments
Global Debt Relief Dashboard
Debt Relief with Chinese Characteristics
China dá mais tempo a Moçambique para pagar dívida
REPUBLIC OF MOZAMBIQUE STAFF REPORT FOR THE 2017 ARTICLE IV CONSULTATION— DEBT SUSTAINABILITY ANALYSIS
China e Índia alargam prazos para pagamento de dívidas
China’s overseas Sovereign debt relief actions: What insights do recent cases provide?
Alívio da Dívida à China “Ajuda” Moçambique — Fitch Ratings
China and India grant Mozambique more favourable conditions for debt repayment 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.

All Grantees

Government of Mozambique

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