Overview

Chinese Government provides $11.2 million USD loan for acquisition of irrigation and water equipment

Commitments (Constant USD, 2023)$23,561,847

Commitment Year•2004Country 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: Mar 4, 2004

First repayment (originally scheduled): Jul 1, 2005

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

Government of Sudan

Implementing agencies

Government Agencies

Sudan Ministry of Water Resources, Irrigation and Electricity

Loan description

Chinese Government provides $11.2 million USD loan for acquisition of irrigation and water equipment

Grace period•1.5 yearsInterest rate (t₀)•3%Interest type•Fixed Interest Rate

Narrative

Full Description

Project narrative

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 Record ID#56946).

Staff comments

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 Record ID#56946 seem to be distinct financial flows but it's possible they are duplicates.