Abu Dhabi Development Fund Supports Sudan with $556.5M

Business

October 27th, 6:29am

Asharq Al-Awsat

Abu Dhabi Development Fund Supports Sudan with $556.5M

The Director-General of the Abu Dhabi Development Fund revealed that the fund, in cooperation with the Sudanese Government, recently implemented an aid package worth around $556.5 million to support Sudan’s financial, economic, health, education, nutrition and agriculture sectors, as part of an overall Emirati grant worth $1.5 billion. In his statement to UAE state agency (WAM), Mohammed Saif Al Suwaidi stressed that the aid was provided to the Sudanese people upon the directives of the UAE’s leadership, which is keen to achieve the financial and economic stability of the country. The UAE is committed to providing an overall aid package worth $1.5 billion, to fulfill the basic needs of the Sudanese people, he noted. In April 2019, the UAE pledged to provide Sudan with a package of economic aid to achieve financial and economic stability and support its health, education, nutrition and agricultural sectors. Under this framework, the UAE, represented by the fund, deposited $250 million in the Central Bank of Sudan and supported the Sudanese Government’s budget with $119.8 million. The fund also sent 540,000 tonnes of wheat worth $144.7 million, in addition to wheat packaging packs worth $10.8 million.

from Asharq AL-awsat https://english.aawsat.com/home/article/2588686/abu-dhabi-development-fund-supports-sudan-5565m