Chinese Government reschedules the Government of Sudan’s outstanding debt obligations in 2012
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This project is classified as an "umbrella" project, and is connected to related projects.
Funding agency [Type]
Unspecified Chinese Government Institution [Government Agency]
Action relating to debt (Code: 600)
On February 18, 2012, the Chinese Government announced that it had agreed to reschedule the outstanding debt obligations of the Government of Sudan by extending loan repayment periods by 5 years. It is not clear whether all Chinese Government loan maturities were extended by 5 years, or just a specific subset of Chinese Government loans.At the time that this debt rescheduling agreement was finalized, Sudan had experienced a major slide in its currency after losing three quarters of its oil production due to the 2011 secession of South Sudan. The currency slide, in turn, fueled inflation and protests. Oil revenues provided the main source of foreign currency used by the Government of Sudan to repay foreign currency-denominated loans.
Number of official sources
Number of unofficial sources
Receiving agencies [Type]
Government of Sudan [Government Agency]