Breaking News

Sudan to receive $1.8bn aid to cushion economic crisis

Kindly Share This Story:

Sudan to receive $1.8bn aid to ease economic crisis

Foreign donor nations pledged $1.8 billion at a conference hosted by Germany to help Sudan ease an economic crisis hampering its transition towards democracy after the fall of Omar al-Bashir.

The European Union pledged 312 million euros ($350.13 million), the United States $356.2 million, Germany 150 million euros, France 100 million euros, and Britain £150 million for humanitarian and development programmes, chief among them planned cash transfers to poor families with the help of the World Bank, officials said at the online event.

ALSO READ: Covid-19: Nigerian students are hungry, stranded in foreign universities – Report

Saudi Arabia, which said it had given Sudan $500 million over the past year, donated only $10 million. The United Arab Emirates donated $50 million.

The two Gulf countries had promised a grant to Sudan of $3 billion in the form of cash and commodities after the military ousted Bashir in April 2019, but it is unclear how much has reached the country in total.

China and Spain were among countries offering to assist Sudan with relieving its debt, which stands at about $56 billion.

Africa News


Kindly Share This Story:
All rights reserved. This material and any other digital content on this platform may not be reproduced, published, broadcast, written or distributed in full or in part, without written permission from VANGUARD NEWS.


Comments expressed here do not reflect the opinions of vanguard newspapers or any employee thereof.
Do NOT follow this link or you will be banned from the site!