Project ID: 61011

Chinese Government $24.5 million of debt owed by Zanzibar

Commitment amount

$ 61236645.099089436

Adjusted commitment amount

$ 61236645.1

Constant 2021 USD

Summary

Funding agency [Type]

China Ministry of Commerce [Government Agency]

Recipient

Tanzania

Sector

Action relating to debt (Code: 600)

Flow type

Debt forgiveness

Infrastructure

No

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

Completion (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2002-01-01

Description

In early 2002, Zanzibar's Ministry of Finance finalized a deal with China to forgive $24.5 million USD of debt that was owed by the semi-autonomous island. It is unclear which Chinese agency was responsible for the loan initially.

Additional details

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.

Number of official sources

1

Number of total sources

1

Download the dataset

Details

Cofinanced

No

Direct receiving agencies [Type]

Tanzania Ministry of Finance and Planning [Government Agency]