Home | News    Thursday 5 June 2014

Islamic Development Bank signs new agreements with Sudan

separation
increase
decrease
separation
separation

June 4, 2014 (KHARTOUM) – Sudanese president Omer al-Bashir on Wednesday witnessed the signing of new agreements worth $100 million with the Islamic Development Bank (IDB) to fund three projects.

JPEG - 27.6 kb
Sudanese president Omer al-Bashir witnessing the signature of agreements with the Islamic Development Bank in Khartoum June 4, 2014 (SUNA)

The projects include $50 million for construction of an electricity carrier line between Babanousa and Adliya and another $50 million to finance the Delta Toker agricultural project as part of its previous pledges to the Eastern Sudan Reconstruction and Development Fund.

In his meeting with IDB director Ahmed Mohamed Ali, Bashir called for consolidating relations between Sudan and the IDB in realizing Arab food security.

Ali noted Sudan’s leading role in the foundation of the IDB which is currently celebrating its 40th anniversary, recalling that Sudan was the first country to contribute to the establishment of the bank.

He also expressed his pleasure for having the agreements signed in the presence of Bashir who just recovered from his knee surgery.

The Sudanese minister of finance, Badr al-Din Mahmoud, expressed his appreciation to the IDB role in funding major projects in Sudan, explaining that the bank extended $1.5 billion for construction of dams and other infrastructure projects in Sudan on recent years.

He said that the third agreement deals with technical funding for the institutions for employment of youths.

(ST)

Comments on the Sudan Tribune website must abide by the following rules. Contravention of these rules will lead to the user losing their Sudan Tribune account with immediate effect.

- No inciting violence
- No inappropriate or offensive language
- No racism, tribalism or sectarianism
- No inappropriate or derogatory remarks
- No deviation from the topic of the article
- No advertising, spamming or links
- No incomprehensible comments

Due to the unprecedented amount of racist and offensive language on the site, Sudan Tribune tries to vet all comments on the site.

There is now also a limit of 400 words per comment. If you want to express yourself in more detail than this allows, please e-mail your comment as an article to comment@sudantribune.com

Kind regards,

The Sudan Tribune editorial team.
  • 5 June 2014 09:42, by Jalaby

    Many thanks to Islamic Development Bank (IDB), they really contributed to most of our infrastructure projects in Sudan and good tangible example for that are Marowe dam and Rosiris dam Heightening and they’re both real now and many others projects. Their funding exceeded $1.5 billion dollar which is really inconceivable investment!

    repondre message

Comment on this article



The following ads are provided by Google. SudanTribune has no authority on it.


Sudan Tribune

Promote your Page too

Latest Comments & Analysis


Wedding in Juba - How can you tell if a bridegroom works for Nilepet? 2017-02-24 05:25:41 By Deng Kiir Akok The Nile Petroleum Corporation is a national Oil and Gas Corporation, which engages in oil exploration, production and marketing. Famous for its abbreviation Nilepet has been a (...)

Bashir’s congratulation for Trump remains double-edged sword 2017-02-21 08:47:41 By Mahmoud A. Suleiman This is a note to the readers of this article about my use of the phrase double-edged sword. It means that Omar al-Bashir’s Speedy congratulation offer to Donald Trump (...)

South Sudan: Why ’NO’ for peace and ’YES’ for war 2017-02-20 20:45:12 By Tor Madira Machier The region and the International community has been on a campaign in a bid to end the civil war in South Sudan right after its inception in December 2013, yet the very (...)


MORE






Latest Press Releases


Militias of Bashir’s Regime and the Proxy War (1) 2017-02-08 21:49:09 Sudan Democracy First Group Militias of Bashir’s Regime and the Proxy War (1) War in the Blue Nile: Militias in the hunt of refugees and displaced population Introduction Throughout its rule, (...)

More refugees flee to Uganda than across Mediterranean 2017-01-25 09:15:39 January 25, 2017 Uganda welcomed more refugees last year than the total number of refugees and migrants crossing the Mediterranean into Europe. “Europe should learn from the way Uganda and other (...)

Carter Center welcomes new regulations on humanitarian affairs 2017-01-12 07:53:16 The Carter Center ATLANTA, Januarg 11, 2017 – The Carter Center welcomes the recent regulations issued by the government of Sudan aimed at facilitating humanitarian relief throughout the country (...)


MORE

Copyright © 2003-2017 SudanTribune - All rights reserved.