|Sudanese farmers (c) Shelter for Life International|
As the Sudanese leader -- who is avoiding arrest by the International Criminal Court in the Hague -- said, the Qatari agricultural project
...stalled due to China not following through on its funding for the project of extending the electric grid because the Chinese loan was in return for oil shipments which stopped after the secession of the South” the Sudanese leader said. “And so China stopped the financing [the project]” he added.This is interesting because it is another example of how China Eximbank (almost certainly the lender) works in risky countries with poor or nonexistent credit ratings. The loan for the electricity project was secured with oil exports. When oil exports stopped, the loan disbursement stopped.
I'll also make a bet: somewhere, a journalist is going to read this as "China's" 250,000 acre agricultural project, not Qatar's!
h/t to the Centre for Chinese Studies, Stellenbosch
Post a Comment