Sudan announces China’s $50 million loan waiver

China has canceled $50 million in loans to Sudan as the country grapples with a severe economic crisis exacerbated by a protracted civil war. This debt relief, which involves four interest-free loans, comes amid dwindling international support due to Western sanctions. Sudan’s Finance Minister highlighted the importance of China’s ongoing investment during the conflict, while China aims to bolster its influence in a strategically significant region. The war has devastated Sudan’s economy, with external debt exceeding $56 billion and millions displaced.

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