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News and Press ReleasesSudan and China sing two interest-free loans agreements to development

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Sudan and China sing two interest-free loans agreements to development

09-16-2013, 04:24 PM
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Sudan and China sing two interest-free loans agreements to development

    Sudan and China sing two interest-free loans agreements to development projects in the country
    Khartoum-Sudan's Finance and National Economy Ministry singed with Chinese Government on Sunday two interest-free loans agreements in amount of (100) million Ewan and a grant of (200) million which will be used in different development projects in the country.
    Sudan's Finance and National Economy Minister, Ali Mahmoud, signed on behalf of Sudan's Government, while Vice Minister of Chinese Commerce signed on behalf of Chinese government
    Mahmoud stressed that China considered a strategic partner in development projects, praising role of Chinese Ministry of Commerce in development of the economic relations and aid in various forms to many projects to develop infrastructure and social development in Sudan.
    Sudan's minster reiterated his Ministry's commitment to economic agreements signed with China and to repay loans for projects that are financed by Chinese financial institutions, pointing out that several trade agreements to resume oil cooperation with South Sudan have been recently signed which will lead to improved economic conditions which enhance the fulfillment of obligations to financial institutions and companies
    For his part, Chinese Vice Minister of Commerce, stressed the strength of improved economic and trade relations between the two countries, noting the importance of strengthening and development of relations between them, adding that the Chinese Government is satisfied with the cooperation between the two countries to the advanced levels of cooperation, stressing the Chinese Government sought to develop bilateral relations and economic and trade to a higher level.
                  

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