Active Development AidData Chinese Aid

Chinese Government cancels RMB 244.6 million of the Government of Mozambique’s outstanding debt obligations in 2021

¥244.6M RMB

Funder	China Ministry of Commerce
Recipient Organization	Government of Mozambique
Country	Mozambique
Start Date	Mar 23, 2021
End Date	Jul 29, 2029
Duration	3,050 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`95812`

Grant Description

On March 23, 2021, the Chinese Government and the Government of Mozambique signed a debt forgiveness agreement.

The agreement was signed by China's Ambassador to Mozambique, Wang Hejum, and Mozambique's Foreign Affairs and Co-operation Minister, Verónica Macamo.

China’s Ministry of Commerce (MOFCOM) agreed to agreed to cancel RMB 244.6 million ($37.5 million) of the Government of Mozambique’s outstanding debt obligations. These obligations resulted from three interest-free loans that the Government of Mozambique previously contracted.

📋 Staff Comments

1. This record is marked as an umbrella record because the (cancelled) interest-free loans in question were likely contracted after calendar year 2000, which presents a risk of double-counting.

📚 Sources & References

China perdoa cerca de 2% da dívida de Moçambique
China agrees to write off some of Mozambique's debts
China perdoa cerca de 2 % da dívida de Moçambique
China Perdoa Parte da Dívida de Moçambique
China agrees to write off some of Mozambique's debts
Mozambique Granted USD 38 million Debt Pardon From China
China perdoa da dívida de Moçambique
CHINA PARDONS PART OF MOZAMBIQUE’S DEBT 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.