Chinese Government cancels Rs 450 million of Government of Mauritius' outstanding debt obligations
Commitment amount
$ 14951669.941627592
Adjusted commitment amount
$ 14951669.94
Constant 2021 USD
Summary
Funding agency [Type]
Unspecified Chinese Government Institution [Government Agency]
Recipient
Mauritius
Sector
Action relating to debt (Code: 600)
Flow type
Debt forgiveness
Infrastructure
No
Category
Project lifecycle
Description
In November 2016, China agreed to write off a 450 million Rs debt to Mauritius to help continue positive relations between the countries. This decision came after the 10th Sino-Mauritius Joint Economic Commission was held in Beijing.
Additional details
The loans forgiven through this action were almost certainly interest-free loans committed through previous ETCAs. As such, the loans likely had maturity lengths of 20 years and since they had reached maturity no later than 2016, they were almost certainly contracted prior to 2000. Therefore, AidData has not assigned this record to the umbrella category (as there is little risk of double counting the monetary value of the debts that were forgiven).
Number of official sources
3
Number of total sources
4
Details
Cofinanced
No
Direct receiving agencies [Type]
Government of Mauritius [Government Agency]
Implementing agencies [Type]
Ministry of Finance, Economic Planning and Development of Mauritius [Government Agency]