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Overview

Chinese Government provides RMB 150 million grant for mineral exploration (Linked to Record ID#36135)

Commitments (Constant USD, 2023)$24,966,775
Commitment Year•2014Country of Activity•SudanDirect Recipient Country of Incorporation•SudanSector•Industry, Mining, ConstructionFlow Type•Grant

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Dec 21, 2014

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 provides RMB 150 million grant for mineral exploration (Linked to Record ID#36135)

Narrative

Full Description

Project narrative

According to All Africa, on December 21, 2014, Chinese government signed an agreement granting 150 million RMB to Sudan. The agreement was signed at the Ministry of Finance and National Economy. Badr Eddin Mahmoud, the Minister of Finance and National Economy, said the agreement reflects the firm relations linking Sudan and China, and stands as model to be copied for the South-South Cooperation. The minister explained that the coming period would focus on minerals, mainly oil and gold, exploration, inviting China to further increase its investment in these fields in the Sudan. In addition, as part of the agreement, 100 million RMB interest-free loan was sent to Sudan (captured in #36135). The Chinese ambassador to Khartoum, Li Lian He, affirmed his country's resolve to exert utmost efforts to support Sudan economically and internationally.