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


Victims of Sexual Violence in Sudan Deserve Justice 2019-06-19 07:16:08 by Tchérina Jérolon, and Daisy Schmitt Today, as we commemorate the International Day for the Elimination of Sexual Violence in Conflict, we demand accountability for sexual crimes committed in (...)

Ezekiel Lol reignites political begging as a Freedom of Expression 2019-06-14 22:49:39 Gatdiet Peter Here, the question is: to what extent does a politician become a “political beggar”? A politician becomes a beggar and (re)focuses on the “politics of begging” as soon as (s)he has (...)

Crisis in Sudan: Will Sudanese mediators unlock the impasse? 2019-06-08 11:47:09 by Luka Biong Deng Kuol* The Optimism for the New Dawn in Sudan Since the eruption of the Sudanese popular uprising on 19th December 2018, the protesters have made history not only in (...)


MORE






Latest Press Releases


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 (...)

Joseph Malwal Dong joined the SPLM/A -IO 2019-04-02 08:35:02 SPLM/A (IO) Press Release 1/4/2019 On Hon. Joseph Malwal Dong Joined the SPLM/A (IO) The leadership of the SPLM/A (IO) would like to seize this precious opportunity to announce to members and (...)


MORE

Copyright © 2003-2019 SudanTribune - All rights reserved.