Chinese Government provides RMB 200 million interest-free loan for unspecified purposes in September 2018
Commitment amount
$ 32956576.54330947
Adjusted commitment amount
$ 32956576.54
Constant 2021 USD
Summary
Funding agency [Type]
China Ministry of Commerce [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
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).
Additional details
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.
Number of official sources
0
Number of total sources
4
Details
Cofinanced
No
Direct receiving agencies [Type]
Government of Sudan [Government Agency]
Loan Details
Maturity
20 years
Interest rate
0.0%
Grace period
10 years
Grant element (OECD Grant-Equiv)
71.6021%