Chinese Government cancels $35 million of the Government of Mozambique’s outstanding debt obligations

$35M USD

Funder	China Ministry of Commerce
Recipient Organization	Government of Mozambique
Country	Mozambique
Start Date	Jan 01, 2001
End Date	Oct 08, 2026
Duration	9,411 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`996`

Grant Description

On July 10, 2001, the Chinese Government and the Government of Mozambique signed an agreement on the partial cancellation of the Government of Mozambique outstanding debt obligations to the Chinese Government.

The Chinese Government reportedly cancelled the Government of Mozambique’s outstanding debt obligations by $35 million.

These obligations resulted from five interest-free loans that the Government of Mozambique previously contracted with the Chinese Government. All of these loans were set to mature on or before December 31, 1999.

📋 Staff Comments

This project is not marked as umbrella because the original debt is not captured in our dataset, so there is no risk of double counting.

📚 Sources & References

China Cancels Part of Mozambique's Debt., http://www.ccs.org.za/wp-content/uploads/2009/11/CCS-Mozambique-Briefing-Paper-October-2009.pdf
Debt Relief with Chinese Characteristics
China
Mozambique: old friends, new business
合作简介（中、莫双边经贸、技术合作）
Patterns of Chinese investment, aid and trade in Mozambique 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.