Home | News    Saturday 26 August 2017

China’s Vice-Premier arrives in Khartoum to discuss debt settlement

separation
increase
decrease
separation
separation

Chinese Vice Premier Zhang Gaoli received by Sudanese First Vice President Bakri Hassan Salih at Khartoum airport on 25 August , 2017 (ST photo)
August 25, 2017 (KHARTOUM) - The Chinese Vice-Premier of the State Council Zhang Gaoli has arrived in Khartoum on Friday in a two-day visit to hold bilateral talks on a number of issues particularly China’s debt on Sudan.

According to the International Monetary Fund (IMF), Sudan’s external debt has reached $51 billion. China’s debt on Sudan is estimated at more $10 billion.

Sudan has failed to repay its debts despite being given two long grace periods by China. However, last March Khartoum vowed to settle its entire debt, saying every “single penny” of Beijing’s money would be paid off.

The Chinese senior official and his accompanying delegation were received at Khartoum airport by First Vice-President and Prime Minister Bakri Hassan Salih and a number of ministers.

In press statements at the airport, Foreign Minister Ibrahim Ghandour described the visit as “historic and important”, saying it comes within the framework of the strategic partnership signed between the two countries in 2015.

He said the two sides will hold official talks on Friday at the Republican Palace, pointing out that a number of framework agreements would be signed after the talks.

Ghandour added that Gaoli will meet President Omer al-Bashir on Friday evening at the guest house.

Sudan hopes to attract new Chinese investments after Beijing had refrained from implementing a number of projects agreed upon with Khartoum following the latter’s failure to settle its debts.

China has been Sudan’s largest foreign investor, particularly in oil and telecommunications after western firms shunned the East African nation due to conflicts and sanctions.

It has invested more than $20 billion in Sudan mostly in the oil sector during the past two decades. Beijing provides low-interest loans and weapons transfers in return for oil.

(ST)

Comments on the Sudan Tribune website must abide by the following rules. Contravention of these rules will lead to the user losing their Sudan Tribune account with immediate effect.

- No inciting violence
- No inappropriate or offensive language
- No racism, tribalism or sectarianism
- No inappropriate or derogatory remarks
- No deviation from the topic of the article
- No advertising, spamming or links
- No incomprehensible comments

Due to the unprecedented amount of racist and offensive language on the site, Sudan Tribune tries to vet all comments on the site.

There is now also a limit of 400 words per comment. If you want to express yourself in more detail than this allows, please e-mail your comment as an article to comment@sudantribune.com

Kind regards,

The Sudan Tribune editorial team.

Comment on this article



The following ads are provided by Google. SudanTribune has no authority on it.


s
Sudan Tribune

Promote your Page too

Latest Comments & Analysis


Open Letter to Ambassador Donald Y. Yamamoto 2017-09-23 07:09:30 To The Principal Deputy Assistant Secretary, Bureau of African Affairs, U.S. Department of State, Washington, D.C. September 21 , 2016 By Stephen Par Kuol Your Excellency Ambassador Yamamoto: (...)

Sudan’s renegade Sheikh 2017-09-12 12:44:55 By Ahmed H Adam Tensions between the Sudanese regime and militia commander Sheikh Musa Hilal has reached a tipping point in recent weeks. On July 20, Sudanese Vice President Hassabo Abdel (...)

The UN’s WHO knows cholera vaccines have been used effectively: why not in Sudan? 2017-09-09 23:05:26 Eric Reeves The UN’s World Health Organization (WHO) continues in its refusal to call the cholera epidemic that has spread throughout Sudan by its proper name (cholera is caused by the Vibrio (...)


MORE






Latest Press Releases


Amnesty calls to release Nubian activists detained over protest for cultural rights 2017-09-12 20:47:54 AMNESTY INTERNATIONAL PRESS RELEASE 12 September 2017 Egypt: Release 24 Nubian activists detained after protest calling for respect of their cultural rights Egyptian authorities should (...)

New group formed to gather Nuer in United States 2017-08-17 14:15:50 DECLARATION FOR THE FORMATION OF NUD TO BRING TOGETHER ALL NUER IN THE U.S.A Press Statement The Nuer Union For Development (NUD) The United State of America The State of Nebraska August 15, (...)

A prominent Sudan Women and Civil rights activist passed away 2017-08-14 21:09:47 The Strategic Initiative for Women in the Horn of Africa (SIHA) Khartoum, Sudan-August 14 2017 In the early hours of Saturday 12th August Fatima Ahmed Ibrahim, a renowned Sudanese leader of the (...)


MORE

Copyright © 2003-2017 SudanTribune - All rights reserved.