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.



Sudan Tribune

Promote your Page too

Latest Comments & Analysis


What federal system is suitable for South Sudan? 2019-11-12 11:06:55 By Dr Jacob K. Lupai* Introduction Federalism is seen as a constitutional arrangement for dividing power between different levels of government so that federated states, regions or provinces can (...)

Differences between Sudan government, SRF and FFC are the main issues of concern 2019-11-09 11:17:17 By Mahmoud A. Suleiman As the proverb goes, the difference of opinion does not spoil amity and does not spoil the friendliness issue. On the other hand, mere differences of point of view and (...)

Can women make the world more peaceful? 2019-11-06 11:31:03 By Paulino Akoon Yel Dut A genuine comprehensive analysis shows that involving women in peacebuilding increases the probability that violence will end in an easy manner. Hence we should thank (...)


MORE






Latest Press Releases


S. Korea supports UN communities building resilience project in Sudan’s Blue Nile 2019-09-09 09:26:41 UNDP Sudan September 5, 2019 (KHARTOUM) - An agreement was signed on 5th of September between the Korean Ambassador, His Excellency. Lee Ki-Seong and Dr. Selva Ramachandran, Resident (...)

Sudanese lawyers and Human rights defenders back calls for civil rule 2019-04-26 10:22:06 Press statement by 55 Sudanese lawyers and Human rights defenders on Sudan Sit-in and Peaceful Protest Khartoum -24/04/2019 We, the undersigned (55) Sudanese lawyers and human rights defenders, (...)

South Sudan’s Lafon youth condemn killings of civilians by Pari community 2019-04-03 21:54:29 Press Statement on the Fighting between Pari/ Pacidi and Lotuko/Lokiri on 24/3/2019 Release by The Lafon County Youth Union: We, the Lafon County Youth Union hereby condemn the atrocities and (...)


MORE

Copyright © 2003-2019 SudanTribune - All rights reserved.