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


South Sudan needs citizens’ participation in politics 2019-09-14 18:11:41 By Biong Deng Biong On the 4th December 2012, Isaiah Abraham was tragically gunned down in cold blood outside his residence in the South Sudan capital, Juba. The gunman was apparently ‘unknown’. (...)

Has Thomas Cirilo realize the importance of the enemy of my enemy is my friend? 2019-09-09 13:29:06 By Clement Maring Samuel When I read a tripartite agreement signed by Gen. Thomas Cirilo; Gen. Pagan Amum Okiech; and Gen. Paul Malong Awan who represented their parties of SSNDA; R-SPLM, and (...)

President Kiir: The Nelson Mandela of South Sudan? 2019-09-09 12:44:31 By Biong Deng Biong There is no reservation that Nelson Mandela was a great leader, but how does President Kiir fair? More often, we focus on the negative performance of leaders while forgetting (...)


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.