Chinese Government provides $11.2 million USD loan for acquisition of irrigation and water equipment
Commitment amount
$ 25509703.765130326
Adjusted commitment amount
$ 25509703.77
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
On 4 March 2004, the Chinese Government provided a $11.2 million USD loan to the Government of Sudan for the acquisition of irrigation and water equipment. This loan carried a 3% interest rate and 1.5-year grace period. The first loan repayment date was 13 April 2006. All other project details are unknown. Also in March 2004, China provided another $9 million USD to Sudan for purchasing additional irrigation inputs (see Project ID#56946).
Additional details
This loan is not included in the database of Chinese loan commitments that SAIS-CARI released in July 2020. The Chr. Michelsen Institute (CMI) source, which in turn relies on data from the Government of Sudan’s Ministry of Finance and National Economy (MOFNE), identifies the same loan amount and signing date, but identifies the purpose of the loan as 'Kosti grain storage’. This project (#47137) and Project #56946 seem to be distinct financial flows but it's possible they are duplicates.
Number of official sources
3
Number of total sources
5
Details
Cofinanced
No
Direct receiving agencies [Type]
Government of Sudan [Government Agency]
Implementing agencies [Type]
Sudan Ministry of Water Resources, Irrigation and Electricity [Government Agency]
Loan Details
Interest rate
3.0%
Grace period
2 years