Active Development AidData Chinese Aid

Chinese Government cancels RMB 32 million of the Government of Mauritius’ outstanding debt obligations (Linked to Record ID#67620)

¥32M RMB

Funder	China Ministry of Commerce
Recipient Organization	Government of Mauritius
Country	Mauritius
Start Date	Mar 01, 2021
End Date	Aug 26, 2027
Duration	2,369 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`95391`

Grant Description

In March 2021, the Chinese Government and the Government of Mauritius signed a debt forgiveness agreement (‘partial debt remittance protocol’).

China’s Ministry of Commerce (MOFCOM) agreed to agreed to cancel RMB 32 million of the Government of Mauritius’ outstanding debt obligations.

These obligations resulted from an RMB 40 million interest-free loan that the Government of Mauritius had contracted in late 2008 or early 2009 for the New Operation Theaters and Ward Blocks at Victoria Hospital Project (as captured via Record ID#67620).

As of December 31, 2020, the Government of Mauritius had made an RMB 8 million repayment on the RMB 40 million loan (with a final maturity date of December 31, 2028).

Therefore, MOFCOM waived the Government of Mauritius’ obligation to repay the loan’s outstanding amount (RMB 32 million).

📋 Staff Comments

Government of Mauritius records refer to the loan as ‘Economic & Technical Cooperation - New Wards & OT Victoria Hospital’.
This record is marked as an umbrella record because the interest-free loan was contracted after calendar year 2000, which presents a risk of double-counting.
Some sources refer to a loan commitment date of February 2009 and others refer to a loan commitment date of December 2008. This issue warrants further investigation.

📚 Sources & References

REPORT OF THE DIRECTOR OF AUDIT on the accounts of THE GOVERNMENT for the financial year 2020-21
REPORT OF THE DIRECTOR OF AUDIT on the accounts of THE GOVERNMENT for the financial year 2020-21 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.