Chinese government pledges to provide a RMB 200 million interest-free loan to Sudan (Linked to Project ID#56281)
Pledged amount
$ 32956576.54330947
Adjusted pledged amount
$ 32956576.54330947
Constant 2021 USD
Not recommended for aggregates
This project is not recommended for use in creating aggregated sums. See the documentation for more information about this criteria.
Summary
Funding agency [Type]
Unspecified Chinese Government Institution [Government Agency]
Recipient
Sudan
Sector
Unallocated/unspecified (Code: 998)
Flow type
Loan
Level of public liability
Central government debt
Infrastructure
No
Category
Project lifecycle
Description
From September 3 to 4, 2018, during Sudanese President Omar al-Bashir's visit to China for the Forum on China-Africa Cooperation (FOCAC), Chinese President Xi Jinping pledged that China would provide Sudan with an RMB 200 million interest-free loan to aid Sudan to overcome economic difficulties and to be used in the projects agreed upon. The precise source of the funding within the Chinese government and the projects it will be used for are uncertain. During FOCAC, President Xi also pledged that a grant of RMB 400 million will be provided to Sudan (captured by Project ID#56281).
Number of official sources
2
Number of total sources
5
Details
Cofinanced
No
Direct receiving agencies [Type]
Government of Sudan [Government Agency]
Loan Details
Interest rate
0.0%