Completed Development AidData Chinese Aid

Chinese Government cancels RMB 50 million of the Government of Mozambique’s outstanding debt obligations in 2022

¥50M RMB

Funder	China Ministry of Commerce
Recipient Organization	Government of Mozambique
Country	Mozambique
Start Date	Sep 13, 2022
End Date	Dec 26, 2031
Duration	3,391 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`95813`

Grant Description

On September 13, 2022, the Governments of China and Mozambique signed several agreements, including a Partial Debt Relief Agreement in which China’s Ministry of Commerce (MOFCOM) canceled RMB 50 million (approximately EUR 7 million) of Mozambique’s debt, stemming from an interest-free loan due by the end of 2021.

The signing was officiated by China's Ambassador to Mozambique, Wang Hejun, and Mozambique's Minister for Foreign Affairs and Cooperation, Verónica Macamo.

Additionally, agreements for economic and technical cooperation and humanitarian food assistance were concluded, with China donating about EUR 13.9 million through the ETCA.

Minister Macamo highlighted the significance of these agreements in enhancing Mozambique's public finance management and fostering social and economic development, praising China's role in supporting Mozambique's sustainable development efforts.

📋 Staff Comments

1. This record is marked as an umbrella record because the (canceled) interest-free loan in question was likely contracted after 2000, presenting a double-counting risk.

📚 Sources & References

China donates EUR 13.9 million to Mozambique and cancels EUR 7 million debt
China perdoa 50 milhões de yuans da dívida de Moçambique
China Perdoa Parte da Dívida de Moçambique
China donates 13.9 million euros, cancels €7 million of Mozambican debt
China donates 13.9 million euros and forgives 7 million of Mozambique’s debt
CHINA FORGIVES MOZAMBIQUE’S DEBT OF SEVEN MILLION DOLLARS 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.