US goes ahead with $1.15bn for Sudan reforms ...Saudi Arabia

Author: Fri, 2021-03-26 23:57 WASHINGTON: The US has confirmed it had assisted Sudan with more than $1 billion to help clear arrears at the World Bank as it hailed reforms by the civilian-backed government. President Joe Biden’s administration said it carried out a financing deal signed in January by the previous treasury secretary, Steven Mnuchin, on a trip to Sudan, which has faced unrest over the past several years due to the dire economic situation. The Treasury Department on Thursday provided Sudan with $1.15 billion in bridge financing, typically loans that cover short-term needs. No US taxpayer money was involved. “Sudan’s civilian-led transitional government deserves credit for m

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US goes ahead with $1.15bn for Sudan reforms ...Saudi Arabia

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