Project ID: 165

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

Intent

Development (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

Vague (Official Finance) (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

Pipeline: Pledge (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2005-11-24

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

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Details

Cofinanced

No

Direct receiving agencies [Type]

Sudan Telecom Group (Sudatel or STG) [State-owned Company]

Implementing agencies [Type]

ZTE Corporation [State-owned Company]

Loan Details

Bilateral loan