Exclusive: Sudan cut off from $650 million of international funding after coup


  • World
  • Wednesday, 08 Dec 2021

FILE PHOTO: A person wearing a Sudan's flag stand in front of a burning pile of tyres during a protest against prospect of military rule in Khartoum, Sudan October 21, 2021. REUTERS/Mohamed Nureldin Abdallah

KHARTOUM (Reuters) - Sudan was unable to access $650 million in international funding in November when assistance was paused after a coup, the finance minister of the dissolved government said - a freeze that puts in doubt basic import payments and the fate of economic reforms.

The financing included $500 million in budget support from the World Bank and $150 million in special drawing rights from the International Monetary Fund, said Jibril Ibrahim, who was appointed to a civilian transitional government in February.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In World

Dead bodies in Mexico most probably are missing U.S., Australian surfers
Roundup: Tanzania battles devastating floods triggered by torrential rains
Think tank report highlights China's approach to modernization
Tropical storm Hidaya weakens as it makes landfall in Tanzania
Feature: Chinese cars gain popularity in Botswana
Torrential rains lash multiple cities in China's Guangdong
First batch of export vehicles under China-Ecuador FTA to set sail
China-France forum underscores people-to-people, cultural exchanges
China's migrant workers earn higher incomes in 2023
Feature: French contributor to China's modern shipbuilding industry

Others Also Read