Home Politics Saudi Arabia deposited $250mil to Sudan’s central bank

Saudi Arabia deposited $250mil to Sudan’s central bank

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Saudi Arabia has deposited $250 million to support Sudan’s financial position.

The United Arab Emirates announced the $500 million deposit to Sudan back in April. The deposit became a part of the package. Both countries pledged an overall $3 billion in aid, including fuel, wheat, and medicine.

According to the Saudi finance ministry official, the deposit is not a grant, but a loan.

The deposit is aimed to fix Sudan’s financial situation by achieving stability.

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