Saudi Arabia grants $20m to Sudan

Riyadh pledges amount to support Sudan's 'progress, prosperity and development'

Foreign Minister Prince Faisal bin Farhan. SPA
Foreign Minister Prince Faisal bin Farhan. SPA

Saudi Arabia has provided a grant of about $20 million to help cover part of Sudan’s debt with the International Monetary Fund.

The decision was agreed to at the Paris conference to support Sudan and the Summit on Financing African Economies.

The kingdom announced it would transfer the account into the two emergency and deferred fees accounts with the IMF, adding that King Salman and Crown Prince Mohammed bin Salman were keen to ease Sudan’s debt burden.

On behalf of Prince Mohammed, Foreign Minister Prince Faisal bin Farhan said the grant was an extension to previous support provided by Riyadh to Sudan.

The summit was attended by Saudi Finance Minister Mohammed Al Jadaan and other of the kingdom's officials, and will end on Tuesday.

“The kingdom affirms its complete stand with the transitional government to restore Sudan's natural position in the international community,” the Saudi Press Agency reported on Monday.

It also said the kingdom wished to “enhance Saudi investments in Sudan and the kingdom’s support for all sectors that would achieve the aspirations of the Sudanese people towards further progress, prosperity and development”.

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Updated: May 18, 2021 06:16 PM

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