Saudi Arabia and the United Arab Emirates have announced a joint package of aid for Sudan, totaling $3 billion of which $ 500 million will be deposited in the central bank of Sudan to be used to strengthen the Sudanese financial conditions, ease the pressure on the pound and achieve greater stability in the exchange rate.
The rest, $2.5 billion, will be used to meet the urgent needs of food, medicine and oil derivatives. The UAE-Saudi move comes as part of both countries’ efforts to help and support Sudan and its people.
Sudan’s debt to the International Monetary Fund totals $8 billion. Sudan’s public external debt is around $51 billion, or 90% of GDP.
Chairman of Sudan’s Transitional Military Council Abdel-Fattah Al-Burhan on Tuesday praised Sudan’s distinguished relations with Saudi Arabia and United Arab Emirates (UAE), official SUNA news agency reported.
According to the report, Al-Burhan made the remarks during a meeting with a joint high-level Saudi-UAE delegation on Tuesday.
The joint delegation delivered to Al-Burhan a verbal message from leaders in Saudi Arabia and the UAE and their readiness to support Sudan and its people at this important historical phase, said the report.
The delegation also met with Deputy Chairman of Sudan’s Transitional Military Council Mohamed Hamdan Daqlu and discussed Sudan’s ties with Saudi Arabia and the UAE.