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Overview

Chinese Government forgives payments on 7 interest free loans to Tanzania

Commitment Year•2007Country of Activity•TanzaniaDirect Recipient Country of Incorporation•TanzaniaSector•Action Relating To DebtFlow Type•Debt forgiveness

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Dec 31, 2007

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Funding agencies

Government Agencies

  • Unspecified Chinese Government Institution

Receiving agencies

Government Agencies

  • Government of Tanzania

Loan desecription

Chinese Government forgives payments on 7 interest free loans to Tanzania

Narrative

Full Description

Project narrative

On December 31, 2007 the governments of China and Tanzania signed a protocol for the exemption of Tanzanian debt. This included dismissing payment for 7 interest-free loans that had entered the repayment period by December 2005. The value of these debts are unknown.

Staff comments

This 2007 project is not marked as umbrella. AidData's dataset includes one loan project in 2005 to Tanzania before this debt forgiveness, but the 2005 loan was not set to enter repayment until 2015, so the 2005 project was not included in the 2007 loan forgiveness captured in this project. There is therefore no risk of double-counting