Overview

Chinese Government provides RMB 200 million interest-free loan for unspecified purposes in September 2018

Commitments (Constant USD, 2023)$30,429,957

Commitment Year•2018Country of Activity•SudanDirect Recipient Country of Incorporation•SudanSector•Unallocated/unspecifiedFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Sep 1, 2018

First repayment (originally scheduled): Aug 29, 2028

Last repayment (originally scheduled): Aug 27, 2038

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

China Ministry of Commerce

Receiving agencies

Government Agencies

Government of Sudan

Loan description

Chinese Government provides RMB 200 million interest-free loan for unspecified purposes in September 2018

Grace period•10 yearsGrant element•75.0516%Interest rate (t₀)•0%Interest type•Fixed Interest RateMaturity•20 years

Narrative

Full Description

Project narrative

In September 2018, during the Forum on China-Africa Cooperation, the Chinese Ministry of Commerce and the Government of Sudan signed an RMB 200 million ($29 million) interest-free loan agreement for unspecified purposes. It is unclear whether these funds were ever disbursed and for what purpose(s).

Staff comments

1. In September 2018, the Chinese Government and the Government of Sudan also signed an RMB 400 million grant agreement. 2. The maturity length and grace period of the interest-free loan are unknown. For the time being, AidData assumes that standard MOFCOM borrowing terms (20-year maturity, 10-year grace period) apply. This issue warrants further investigation.