Active Development AidData Chinese Aid

China signs Economic and Technical Cooperation Agreement loaning 30 million RMB interest-free to Sudan in 2002

¥30M RMB

Funder	China Ministry of Commerce
Recipient Organization	Government of Sudan
Country	Sudan
Start Date	Jun 17, 2002
End Date	Oct 20, 2027
Duration	9,256 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`2153`

Grant Description

China signs Economic and Technical Cooperation Agreement loaning 30 million RMB interest-free to Sudan in 2002 On June 17, 2002, Sudan's Council of Ministers endorsed an economic and technical cooperation agreement in which the Chinese Government loaned 30 million RMB interest-free to the Government of Sudan for unspecified projects.

📋 Loan / Grant Terms

💰 Loan Amountterms are unknown

It is unclear whether these funds were ever disbursed.

📋 Staff Comments

Since loan terms for the interest-free loan are unavailable, AidData has set maturity period to 20-years by default and grace period to 10-years by default per China's Foreign Assistance White Paper (http://www.cidca.gov.cn/2018-08/06/c_129925064_3.htm) which states that the maturity period of interest-free loans is 20-years, with a drawdown period of 5-years, grace period of 5-years, and repayment over 10-years. AidData treats the drawdown period as providing 5-years of additional grace.

📚 Sources & References

China to give government 30m yuan to finance economic cooperation projects.
Chinese Loans to Africa Database Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.