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Chinese Government cancels $160 million USD of the Government of Sudan’s outstanding obligations (Linked to Record ID#57885)
| Funder | Unspecified Chinese Government Institution |
|---|---|
| Recipient Organization | Government of Sudan |
| Country | Sudan |
| Start Date | Aug 25, 2017 |
| End Date | Dec 02, 2031 |
| Duration | 5,212 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 57883 |
Grant Description
On 25 August 2017 during joint talks between Chinese and Sudanese officials in Khartoum, Vice-Premier of China's State Council, Zhang Gaoli, announced that the Chinese Government had agreed to cancel $160 million USD of the Government of Sudan’s outstanding obligations.
At the same meeting, the Chinese Government provided an RMB 500 million grant to the Government of Sudan (see Record ID#57885).
Staff Comments
The loan(s) being forgiven in this project could be captured in other transactions in the dataset, so this debt forgiveness project has been marked as umbrella to avoid double counting the value of the debt forgiveness.
Sources & References
- Sudan seeks additional delay for its debts to China
- Sudan-China Launch Joint Talks
- China provides Sudan with USD 75 mln aid
- Sudan Gets $160 Million in Debt Relief From China
- China in the driver's seat amid calls for Africa debt relief
- Sudan Gets $160 Million in Debt Relief From China
- How will China respond when low-income countries can’t pay their debts? 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.
All Grantees
Government of Sudan
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