Chinese Government cancels $35 million of the Government of Mozambique’s outstanding debt obligations

On July 10, 2001, the Chinese Government and the Government of Mozambique signed an agreement on the partial cancellation of the Government of Mozambique outstanding debt obligations to the Chinese Government. The Chinese Government reportedly cancelled the Government of Mozambique’s outstanding debt obligations by $35 million. These obligations resulted from five interest-free loans that the Government of Mozambique previously contracted with the Chinese Government. All of these loans were set to mature on or before December 31, 1999.

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 unofficial sources

5