Active Development AidData Chinese Aid

Chinese Government provides RMB 100 million interest-free loan for mineral exploration (Linked to Record ID#36134)

¥100M RMB

Funder	China Ministry of Commerce
Recipient Organization	Government of Sudan
Country	Sudan
Start Date	Dec 21, 2014
End Date	Jul 25, 2032
Duration	6,426 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`36135`

Grant Description

Chinese Government provides RMB 100 million interest-free loan for mineral exploration On December 21, 2014, the Chinese Government and the Government of Sudan signed an RMB 100 million interest-free loan agreement. The agreement was signed at the Ministry of Finance and National Economy.

Badr Eddin Mahmoud, Sudan's Minister of Finance and National Economy, said the agreement reflected the firm relations linking Sudan and China, and that it stood as model to be copied for the South-South Cooperation.

Badr Eddin Mahmoud explained that the two countries would focus on minerals, mainly oil and gold, exploration, and Sudan would invite China to further increase its investment in these fields. In addition, as part of the agreement, an RMB 150 million grant agreement was signed (as captured via Record ID#36134).

📋 Staff Comments

This loan is not included in the database of Chinese loan commitments that SAIS-CARI released in July 2020.

📚 Sources & References

Over 90 Million Dollars From China to Sudan Within a Week
Over 700 Million Dollars from China to Sudan within a Week
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.