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Overview

Chinese Government cancels RMB 40 million of the Government of Sudan’s outstanding obligations

Commitments (Constant USD, 2023)$7,600,067
Commitment Year•2010Country 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
Dec 15, 2010
Start (actual)
Dec 15, 2010
End (actual)
Dec 15, 2010

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 desecription

Chinese Government cancels RMB 40 million of the Government of Sudan’s outstanding obligations

Narrative

Full Description

Project narrative

On 15 December 2010, the Chinese Ambassador to Sudan signed an agreement to cancel RMB 40 million of the Government of Sudan’s outstanding debt obligations to the Chinese Government. These obligations reportedly resulted from an interest-free loan that the Sudanese Government contracted in 1995.

Staff comments

AidData has not coded this project as an umbrella project because the debt that was forgiven was contracted prior to 2000 (and therefore there is no risk of double-counting).