Home United States USA — Financial Saudi, UAE pledge $3 bn financial aid for Sudan

Saudi, UAE pledge $3 bn financial aid for Sudan

238
0
SHARE

Riyadh:Saudi Arabia and the United Arab Emirates on Sunday announced three billion dollars (2.7 billion euros) in financial support for Sudan following
Riyadh:Saudi Arabia and the United Arab Emirates on Sunday announced three billion dollars (2.7 billion euros) in financial support for Sudan following the overthrow of longtime leader Omar al-Bashir.
The oil-rich Gulf states pledged to inject $500 million into the Sudanese central bank and $2.5 billion to help provide food, medicine and petroleum products, the official Saudi Press Agency (SPA) said.
It did not specify if the money is a gift or a loan.
The deposit for the central bank is aimed at shoring up the Sudanese pound, the SPA said.

Continue reading...