Saudi Arabia, UAE to Support Sudan With $3 Billion

Published April 22nd, 2019 - 07:00 GMT
The initiative will see the delivery of $3 billion in assistance to the country.
The initiative will see the delivery of $3 billion in assistance to the country. (Shutterstock)
Highlights
The assistance bundle entails $500 million deposit into Sudan's central bank

The UAE and Saudi Arabia have announced a joint initiative to support the people of Sudan. The initiative will see the delivery of $3 billion in assistance to the country.

The assistance bundle entails $500 million deposit into Sudan's central bank to strengthen the country's liquidity and monetary reserves, said a Wam news agency report.
 
The remaining amount will be dedicated to support the people of Sudan, across food, medicines, and fuel derivatives, it said.

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