China waives $50 million in Sudanese loans as Khartoum faces economic collapse and Western isolation

Summary

China has waived $50 million in loans to Sudan, a small but symbolically significant gesture as Sudan's military-led government faces economic collapse amid a three-year civil war and Western sanctions. The waiver comes at a time when Sudan has few other international lenders willing to provide support, with its economy having shrunk by roughly 40 percent since the war began between the Sudanese army and the Rapid Support Forces (RSF). While the $50 million sum is negligible compared to Sudan's estimated $56 billion+ pre-war external debt, the move signals continued diplomatic engagement between Beijing and Khartoum.

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bskyChina waives $50 million in Sudanese loans as Khartoum faces economic collapse and Western isolationaljazeera.com