Project ID: 32965

China Exempt 7 Debts of Tanzania

Summary

Funding agency [Type]

Unspecified Chinese Government Institution [Government Agency]

Recipient

Tanzania

Sector

Action relating to debt (Code: 600)

Flow type

Debt forgiveness

Concessional

Yes

Category

Intent

Development (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

ODA-like (The next section lists the possible statuses.)

Official Development Assistance

Other Official Flows

Vague (Official Finance)

Flows categorized based on OECD-DAC guidelines

Project lifecycle

Status

Pipeline: Commitment (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment year

2007

Description

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.

Additional details

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

Number of official sources

1

Number of unofficial sources

0

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Details

Cofinanced

No

Receiving agencies [Type]

Government of Tanzania [Government Agency]

Gurarantee provided

No

Insurance provided

No