World Bank approves $400 million grant for Sudan reforms
- Date: 11-Oct-2020
- Source: Arab News
- Sector:Financial Services
- Country:Middle East
World Bank approves $400 million grant for Sudan reforms
World Bank approves $400 million grant for Sudan reforms
World Bank approves $400 million grant for Sudan reforms
Sudan has been beset by extreme poverty and conflict. (AFP file photo)
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World Bank approves $400 million grant for Sudan reforms
Sudan project aims to deliver cash transfers and improve safety net systems for families affected by expected economic reforms
Updated 11 October 2020
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DUBAI: The World Bank has endorsed a new Country Engagement Note for Sudan, which outlines the financial institution's program of support for the country's efforts including economic reforms and building a more equitable social contract.
The CEN focuses on helping Sudan to stabilize the economy and accelerate progress towards addressing the country's debt challenges, including clearing arrears to the World Bank, the Bank said.
"To end extreme poverty and lift people up from