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Overview

China Eximbank provides $10 million USD government concessional loan for Phase II of Higher Education and Government Affairs Integrated Information System Project

Commitments (Constant USD, 2023)$12,861,385
Commitment Year•2010Country of Activity•SudanDirect Recipient Country of Incorporation•SudanSector•CommunicationsFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Jan 1, 2010
First repayment
Dec 31, 2014
Last repayment
Dec 28, 2024

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Ultimate beneficial owners

At least 25% host country ownership

Funding agencies

State-owned Policy Banks

  • Export-Import Bank of China (China Eximbank)

Receiving agencies

Government Agencies

  • Government of Sudan

Loan desecription

China Eximbank provides $10 million USD government concessional loan for Phase II of Higher Education and Government Affairs Integrated Information System Project

Grace period•5 yearsGrant element•47.5643%Interest rate (t₀)•2%Interest type•Fixed Interest RateMaturity•15 years

Narrative

Full Description

Project narrative

In 2010, China Eximbank signed an agreement committing to provide a $10 million USD government concessional loan (GCL) to the Government of Sudan for Phase II of the Higher Education and Government Affairs Integrated Information System Project. The loan carries a 15-year maturity, 5-year grace period, and 2% interest rate. On 21 January 2011, Sudan's Council of Ministers approved of this GCL, and the Sudan legislature passed a law ratifying on 9 May 2011. This problem involved upgrading the information technology systems in the education and government sectors. All other project details are unknown.

Staff comments

The Chinese project title is 苏丹高等教育与政务综合信息系统项目（二期). The Arabic project title is اتفاقية قرض امتيازي حكومي بشان مشروع نظام المعلومات المتكامل للتعليم العالي والحكومة (See: تاريخ المصادقة). SAIS-CARI's Chinese Loans to Africa Database calls this the "IT system for education and administration" project. The All Africa article posted on Factiva says that the loan was supposed to "be repaid within 20 years." The Chinese Loans to Africa Database says that the repayment term was 15 years. Therefore, we know that the grace period is 5 years.