Active Development AidData Chinese Aid

China provides second of two interest free loans to Sudan for unspecified purposes in September 2013

Funder	China Ministry of Commerce
Recipient Organization	Government of Sudan
Country	Sudan
Start Date	Sep 15, 2013
End Date	Dec 02, 2032
Duration	7,018 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`85266`

Grant Description

China provides second of two interest free loans to Sudan for unspecified purposes in September 2013 On September 15, 2013 during an official visit to Sudan, the Chinese International Trade Negotiation Representative and Vice Minister of Commerce signed three different financing agreements with the Sudan Minister of Finance: (1) an interest-free loan of an unknown value (see Record ID#85265), (2) a second interest-free loan of an unknown value (this project), and (3) a 50 million USD grant (see Record ID#30794).

How this money was spent is unknown.

Representatives of the Ministry of Mining Industry, Ministry of Agriculture, and the Ministry of Irrigation, Electricity, and Water Resources were in attendence as well.

📋 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

Chinese Deputy Minister of Trade Appreciates Firmness of Economic and Trade Relations With Sudan
Mr. Zhong Shan
China International Trade Negotiation Representative, met with Ali Mahmoud
Minister of Financial and National Economy of Sudan 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.