Home | News    Friday 16 March 2018

Arab Fund to grant Sudan economic reform loan

separation
increase
decrease
separation
separation

March 15, 2018 (KHARTOUM) - The Arab Fund is scheduled to grant Sudan a loan earmarked for restructuring the country’s economic reform programme.

JPEG - 24.9 kb
U.S. dollar notes (Reuters/Athit Perawongmetha Photo)

The fund, which held its 186th meeting of the Executive Directors in the United Arab Emirates last week, reviewed the status of new loans provided for its Arab member states to aid them in their economic restricting programme and to help sustain a steady development as well as the provision of work opportunities.

The Arab League Council, in a circular published on its website, stated that the meeting also discussed the provision of a loan to the Sudan, in response to a submission by the government of the Sudan.

The loan will also help boost the economic reform programmes and create the climate for small and medium size projects in the country.

The Arab Fund for Economic and Social Development (AFESD) is a Kuwait-based pan-Arab development finance institution.

All member-states of the Arab League are members of the AFESD. As of 2003, however, AFED reportedly held an estimated up to US$7.3 billion in assets.

(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.
  • 18 March 13:10, by ringbell

    where are you going to get the money to pay back, if you know the meaning of loan, it doesn’t fit to the situation of Sudan, the words that fit to that is donation not loan. because is to pay back but donation is zaaka

    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


The influence of facetious leaders in South Sudan 2018-12-03 18:44:28 By Daniel Abushery Daniel It's like that old saying, "Everybody's talking about the weather, but nobody ever does anything about it:" Public consultation is essential and healthy where there are (...)

Will Khartoum peace agreement bring reform or maintain tyranny? 2018-12-01 05:41:01 By Duop Chak Wuol Known for operating with a vicious precision, his trademark is ruthlessness, and how he manoeuvres his political rivals is irrefutably effective. Salva Kiir, the man in (...)

US-Sudanese relations: moths to the fire 2018-11-25 11:07:23 By Muhammad Osman & Magdi el Gizouli The rapprochement between Sudan and the U.S. progresses with the pace of an anxious flirtation. Less than two years since it began in 2015, that (...)


MORE






Latest Press Releases


Progress observed at end of second month of R-ARCSS implementation 2018-10-22 06:44:02 Press Release 21 October 2018 South Sudanese government released 24 detainees in the implementation of the revitalized peace agreement said the International Committee of the Red Cross (ICRC) (...)

4th Annual Tony Elumelu Foundation Entrepreneurship Forum Announced for 25th October 2018 2018-10-15 12:38:14 PRESS RELEASE OCTOBER 14, 2018 Africa’s leading entrepreneurship-focused philanthropic organisation, the Tony Elumelu Foundation (TEF), has announced October 25, 2018, as the date for its (...)

Unity State community in Kenya supports Khartoum peace agreement 2018-08-17 08:33:21 PRESS STATMENT 14th Aug, 2018 Re: We shall Rally behind Khartoum Peace Agreement The Unity State Community Association in Kenya was established in 2010 to organize and mobilize the people of (...)


MORE

Copyright © 2003-2018 SudanTribune - All rights reserved.