• DupaCycki@lemmy.world
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      2 hours ago

      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.

      • Nautalax@lemmy.world
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        2 hours ago

        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.

    • evenglow@lemmy.world
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      5 hours ago

      Sudan didn’t say no.

      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.

      • mrdown@lemmy.dbzer0.com
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        4 hours ago

        China can do more as as an economical power. Pressure the uae to stop arming the RSF. The rsf is threaten china investments too