China Eximbank pledges $200 million loan to Sudan Telecom for purchase of ZTE equipment
Pledged amount
$ 434046669.9228298
Adjusted pledged amount
$ 434046669.9228298
Constant 2021 USD
Not recommended for aggregates
This project is not recommended for use in creating aggregated sums. See the documentation for more information about this criteria.
Summary
Funding agency [Type]
Export-Import Bank of China (China Eximbank) [State-owned Policy Bank]
Recipient
Sudan
Sector
Communications (Code: 220)
Flow type
Loan
Level of public liability
Other public sector debt
Infrastructure
No
Category
Project lifecycle
Description
On November 24, 2005, China Eximbank signed a memorandum of understanding (MOU) with Sudan Telecom to provide it with a $200 million loan for the purchase of communication equipment from ZTE Corporation. The borrowing terms of the loan are unknown. On May 30, 2006, a report suggested that Sudan Telecom was unhappy with some of the equipment and would request a cancellation of the contract; however, ZTE declared that the report was false and confirmed that the MOU was executed. According to a 2011 World Bank report, an agreement was signed for the loan in 2005, but no loan disbursements had taken place as of 2011.
Number of official sources
5
Number of total sources
8
Details
Cofinanced
No
Direct receiving agencies [Type]
Sudan Telecom Group (Sudatel or STG) [State-owned Company]
Implementing agencies [Type]
ZTE Corporation [State-owned Company]