Saudi Arabia announces $20mn grant to help cover Sudan’s financing gap with IMF

May 17, 2021

PARIS — Saudi Arabia announced a $20 million grant to contribute to covering Sudan’s financing gap with the International Monetary Fund during an international conference here on Monday.

On behalf of Crown Prince Muhammad Bin Salman, Foreign Minister Prince Faisal Bin Farhan headed the Kingdom's delegation participating in the Paris conference to support Sudan and the Summit on Financing African Economies.

The delegation includes Minister of Finance Muhammad Al-Jadaan and a number of officials from foreign and finance ministries.

Prince Faisal Bin Farhan said on Monday that Custodian of the Two Holy Mosques King Salman and Crown Prince Muhammad Bin Salman are keen to ease Sudan’s debt burden, in addition to strengthening Saudi investments in the north African country.

The leadership also seeks to provide the Kingdom’s support to all sectors of the country in order to fulfill aspirations of the Sudanese people for more Progress, prosperity and growth, he added.

The Saudi foreign minister also said that the grant is an extension of the previous support provided by Riyadh to Khartoum. — SG

May 17, 2021
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