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Sun 21 Apr 2019 05:05 PM

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Saudi Arabia, UAE pledge $3 billion to Sudan

The two countries pledge includes a $500 million injection of funds into Sudan's Central Bank

Saudi Arabia, UAE pledge $3 billion to Sudan
The two countries pledge includes a $500 million injection of funds into Sudan's Central Bank

Saudi Arabia and the United Arab Emirates on Sunday announced financial support of three billion dollars (2.7 billion euros) for Sudan following the overthrow of longtime leader Omar al-Bashir.

The oil-rich Gulf states pledged to inject $500 million in the Sudanese central bank and $2.5 billion to help provide food, medicine and petroleum products, the official Saudi Press Agency said without specifying if the money is a gift or a loan.

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