China issues package of interest-free loans worth $154.9 million for Mozambique`s agriculture, health and education sectors
Constant 2017 USD
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This project is classified as an "umbrella" project, and is connected to related projects.
Funding agency [Type]
China Ministry of Commerce [Government Agency]
Other multisector (Code: 430)
In Febrauary 2007 Chinese President Hu Jintao, as part of an 8 nation tour of Africa, held talks with Mozambican President Armando Guebuza and announced a 1.2 billion yuan (154.9 million) package of interest-free loans for the country's agriculture, helath, and education sectors. The exact nature of this package and the exact projects it was/is being used for remains unkown.
Since loan terms for the interest-free loan are unavailable, AidData has set maturity period to 20 years by default and grace period to 10 years by default per China's Foreign Assistance White Paper (http://www.cidca.gov.cn/2018-08/06/c_129925064_3.htm) which states that the maturity period of interest-free loans is 20 years, with a drawdown period of 5 years, grace period of 5 years, and repayment over 10 years. AidData treats the drawdown period as providing 5 years of additional grace.
Number of official sources
Number of unofficial sources
Receiving agencies [Type]
Government of Mozambique [Government Agency]