Arab Monetary Fund lends $166 mln to cash-strapped Sudan

December 24, 2015 6:56 AM

37 0

DUBAI Dec 24 The Arab Monetary Fund, a regional lender, said it had agreed to provide a loan of $166 million to Sudan, which is struggling with a shortage of hard currency.

The loan will help to finance Sudan's balance of payments deficit and support economic reforms that are planned by Khartoum during 2016 and 2017 to stabilise its economy, the Abu Dhabi-headquartered AMF said in a statement seen on Thursday.

Read more

To category page