Overview

Chinese Government $24.5 million of debt owed by Zanzibar

Commitments (Constant USD, 2023)$56,560,340

Commitment Year•2002Country of Activity•TanzaniaDirect Recipient Country of Incorporation•TanzaniaSector•Action Relating To DebtFlow Type•Debt forgiveness

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Jan 1, 2002

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

China Ministry of Commerce

Receiving agencies

Government Agencies

Tanzania Ministry of Finance and Planning

Loan desecription

Chinese Government $24.5 million of debt owed by Zanzibar

Narrative

Full Description

Project narrative

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.

Staff comments

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.