Sudan: China Forgives $50m Sudan Debt

[Dabanga] Port Sudan -- Sudan's Ministry of Finance has signed an agreement with China to cancel part of the country's debt, with Beijing agreeing to write off four interest-free loans owed by Sudan worth a total of 344.52m Chinese yuan (CNY), equivalent to about $50m.

The agreement was signed in Port Sudan by Sudan's finance minister, Dr Jibril Ibrahim, on behalf of the Sudanese government, and by Xu Jian, China's chargé d'affaires in Sudan, on behalf of the Chinese government. ...