Chinese Government provides $74 million loan to facilitate acquisition of agricultural production inputs (Linked to Project ID#36144, #36145)
Commitment amount
$ 81925047.12422813
Adjusted commitment amount
$ 81925047.12
Constant 2021 USD
Summary
Funding agency [Type]
Unspecified Chinese Government Institution [Government Agency]
Recipient
Sudan
Sector
Agriculture, forestry, fishing (Code: 310)
Flow type
Loan
Level of public liability
Central government debt
Infrastructure
No
Category
Project lifecycle
Description
In May 2014, Sudan's Minister of Agriculture and Irrigation, Ibrahim Mahmud Hamid, announced that the Chinese Government signed three different financing agreements for agricultural projects. One of these agreements provided a $74 million loan to the Sudan Ministry of Agriculture to purchase production inputs. The Chinese Government also established an 'investment team' in Sudan. The group, comprised of Chinese ministers of agriculture and trade, was expected to work alongside Chinese banks investing in Sudan. These projects were to focus on food security and agricultural projects.
Additional details
1. Other agreements signed during the May 2014 visit included a $14 million interest-free loan (see Project ID#36145) and a $36 million grant (see Project ID#36144).
Number of official sources
1
Number of total sources
2
Details
Cofinanced
No
Direct receiving agencies [Type]
Sudan Ministry of Agriculture [Government Agency]