Overview

Chinese Government provides $74 million loan to facilitate acquisition of agricultural production inputs (Linked to Record ID#36144, #36145)

Commitments (Constant USD, 2023)$75,890,935

Commitment Year•2014Country of Activity•SudanDirect Recipient Country of Incorporation•SudanSector•Agriculture, Forestry, FishingFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: May 1, 2014

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

Government Agencies

Unspecified Chinese Government Institution

Receiving agencies

Government Agencies

Sudan Ministry of Agriculture

Loan description

Chinese Government provides $74 million loan to facilitate acquisition of agricultural production inputs

Interest type•Unknown

Narrative

Full Description

Project narrative

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.

Staff comments

1. Other agreements signed during the May 2014 visit included a $14 million interest-free loan (see Record ID#36145) and a $36 million grant (see Record ID#36144).