Project ID: 56925

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

Commitment amount

$ 102494345.48489864

Adjusted commitment amount

$ 102494345.48

Constant 2021 USD

Summary

Funding agency [Type]

China Machinery Engineering Corporation (CMEC) [State-owned Company]

Recipient

Sudan

Sector

General budget support (Code: 510)

Flow type

Loan

Level of public liability

Central government debt

Infrastructure

No

Category

Intent

Development (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

Vague (Official Finance) (The next section lists the possible statuses.)

Official Development Assistance

Other Official Flows

Vague (Official Finance)

Flows categorized based on OECD-DAC guidelines

Project lifecycle

Status

Pipeline: Commitment (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2004-12-01

Description

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.

Additional details

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.

Number of official sources

0

Number of total sources

1

Download the dataset

Details

Cofinanced

No

Direct receiving agencies [Type]

Government of Sudan [Government Agency]

Loan Details

Bilateral loan

Foreign currency swap or Balance of payments loan

Rescue loan