Overview

CMEC provides $45 million loan to Sudan for balance of payments (BOP) support

Commitments (Constant USD, 2023)$94,668,133

Commitment Year•2004Country of Activity•SudanDirect Recipient Country of Incorporation•SudanSector•General Budget SupportFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Dec 1, 2004

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

State-owned companies

China Machinery Engineering Corporation (CMEC)

Receiving agencies

Government Agencies

Government of Sudan

Loan description

CMEC provides $45 million loan for balance of payments (BOP) support

Interest type•Unknown

Narrative

Full Description

Project narrative

In December 2004, China Machinery Engineering Corporation (CMEC) provided a $45 million loan to the Government of Sudan for balance of payments (BOP) support. The borrowing terms of the loan are unknown. It is unclear whether these funds were ever disbursed.

Staff comments

1. This loan is reported by Chr. Michelsen Institute (CMI), which in turn relies on data from the Government of Sudan’s Ministry of Finance and National Economy (MOFNE). 2. This loan is not included in the database of Chinese loan commitments that SAIS-CARI released in July 2020.