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Overview

Chinese Government lends $159.8 million to the Tanzanian Government for unspecified purposes

Commitments (Constant USD, 2023)$160,821,737
Commitment Year•2018Country of Activity•TanzaniaDirect Recipient Country of Incorporation•TanzaniaSector•Unallocated/unspecifiedFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Jan 1, 2018
First repayment
Dec 1, 2018
Last repayment
Nov 29, 2026

Stakeholders

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

Ultimate beneficial owners

At least 25% host country ownership

Funding agencies

Government Agencies

  • Unspecified Chinese Government Institution

Receiving agencies

Government Agencies

  • Government of Tanzania

Loan desecription

Chinese Government lends $159.8 million to the Tanzanian Government for unspecified purposes

Grace period•0.9166 yearsGrant element•32.04%Interest rate (t₀)•0.999%Interest type•Fixed Interest RateMaturity•8.9166 years

Narrative

Full Description

Project narrative

According to the World Bank’s Debtor Reporting System (DRS), the Government of Tanzania contracted one or more loan commitments worth $159,815,492.10 with one or more official sector lenders in China during calendar year 2018. The DRS identifies the applicable interest rate as 0.999%, the applicable maturity as 8.9166 years, and the applicable grace period as 0.9166 years.

Staff comments

1. The specific lenders, borrowers, and commitment dates are unknown. These issues require further investigation. 2. The borrowing terms are drawn from https://www.dropbox.com/scl/fi/mzn42ex3qb3mrden9pmi4/Private-Chinese-Loans-to-Tanzania-November-2023-DRS-Extraction.xlsx?rlkey=wfbtwh2cfuovl2hlq6yi7log8&dl=0 and https://www.dropbox.com/scl/fi/s7c2bgl6ybf4mnc10hcc1/Tanzania-s-Borrowings-and-Borrowing-Terms-from-Chinese-Creditors-IDS-August-2024-Export.xlsx?rlkey=0yy73c4iyn1m4lczn63jxsmcc&dl=0