Overview

Chinese Government cancels $66.4 million of the Government of Sudan’s outstanding repayment obligations

Commitments (Constant USD, 2023)$154,215,444

Commitment Year•2001Country of Activity•SudanDirect Recipient Country of Incorporation•SudanSector•Action Relating To DebtFlow Type•Debt forgiveness

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Aug 15, 2001

Start (actual): Aug 15, 2001

End (actual): Aug 15, 2001

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

Government of Sudan

Loan description

Chinese Government cancels $66.4 million of the Government of Sudan’s outstanding repayment obligations

Narrative

Full Description

Project narrative

On August 15, 2001, the Chinese Government and the Government of Sudan’s Ministry of International Cooperation signed a debt exemption protocol. This agreement reportedly cancelled the equivalent of $66.4 million of the Government of Sudan’s outstanding debt obligations to China.

Staff comments

1. The debts that were written off through this agreement were almost certainly contracted before 2000, so AidData has not coded this project as an “umbrella project” (as there is little risk of double-counting loans that were contracted from 2000 onward).