Technically the four loans that were forgiven were interest free favors anyway, and Sudan before the war started owed $56 billion dollars to foreign countries in general (likely higher now) including about $5 billion-ish to China in particular according to Al Jazeera. So this doesn’t impact their interest payments at all but does make their debt to GDP ratio look marginally less horrific I guess.
I think this is more valuable not so much for a material economic difference but rather the positive signaling from China towards the SAF showing that it still continues to prefer the state of Sudan over the RSF.
The debt relief comes at a critical time for Sudan, where a prolonged civil war has devastated the economy. United Nations data shows the conflict has set the country’s development back by 30 years, wiping out $6.4 billion from its gross domestic product in 2023 alone and pushing 7 million people into extreme poverty.
Ibrahim praised Beijing for its historic economic backing, noting that China invested heavily in Sudan’s oil sector at a time when Western nations restricted investments. He emphasized Sudan’s potential to serve as a strategic gateway for wider Chinese commercial expansion into Africa.
True, but I think it’s more important to look at the smaller player here. It’s like a giant company sending you something free of charge just because. It’s nothing for them, but still a very nice gesture.
Also, yeah, the math was critically wrong. I’m aware.
That’s like… nothing.
That’s not nothing.
Technically the four loans that were forgiven were interest free favors anyway, and Sudan before the war started owed $56 billion dollars to foreign countries in general (likely higher now) including about $5 billion-ish to China in particular according to Al Jazeera. So this doesn’t impact their interest payments at all but does make their debt to GDP ratio look marginally less horrific I guess.
I think this is more valuable not so much for a material economic difference but rather the positive signaling from China towards the SAF showing that it still continues to prefer the state of Sudan over the RSF.
Sudan didn’t say no.
China can do more as as an economical power. Pressure the uae to stop arming the RSF. The rsf is threaten china investments too
Maybe for rich countries. Sudan’s GDP is $44.69 billion as of 2026. $50 million is more than 1% of its GDP. That’s a lot more than nothing.
Can you imagine some country forgiving France a debt 1% of its GDP? That’d be over $30 billion.
It’s nothing for Beijing.
Also millions are 1000 times smaller than billions, not 100 times
True, but I think it’s more important to look at the smaller player here. It’s like a giant company sending you something free of charge just because. It’s nothing for them, but still a very nice gesture.
Also, yeah, the math was critically wrong. I’m aware.
1% of $44.69 billion is $446.9 million
Very true. It’s 0.01% and not 1%. My bad. Still not an insignificant sum of money for a poorer country.
Edit: added missing zero, so that it’s actually correct this time. Third time’s the charm.