Chinese Government provides RMB 100 million interest-free loan for mineral exploration (Linked to Record ID#36134)

Project narrative

On December 21, 2014, the Chinese Government and the Government of Sudan signed an RMB 100 million interest-free loan agreement. The agreement was signed at the Ministry of Finance and National Economy. Badr Eddin Mahmoud, Sudan's Minister of Finance and National Economy, said the agreement reflected the firm relations linking Sudan and China, and that it stood as model to be copied for the South-South Cooperation. Badr Eddin Mahmoud explained that the two countries would focus on minerals, mainly oil and gold, exploration, and Sudan would invite China to further increase its investment in these fields. In addition, as part of the agreement, an RMB 150 million grant agreement was signed (as captured via Record ID#36134).