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African Development Bank allocates $168 million to Sudan

August 4, 2014

August 3, 2014 (KHARTOUM) The resident representative of the African Development Bank (ADB) in Khartoum Abdul Kamara disclosed that resources allocated to Sudan in the 13th renewal of the fund, are estimated at $168 million for the years 2014-2016.

Sudan's minister of finance and national economy Badr al-Din Mahmoud said during a meeting with Kamara said that these resources will be utilized in projects to ward off the effects of drought, education in addition to other projects to be agreed upon between the two sides. Mahmoud stressed Sudan's interest in developing the capacities of the private sector, pointing to the importance of the upcoming ADB's mission in order to establish a workshop to raise awareness of the private sector to take advantage of the money allocated by the bank. The minister also stressed the importance of developing trade cooperation relations with South Sudan and the establishment of a free zone for the benefit of the two countries within the framework of the study prepared by the ADB for the development of regional trade. He also discussed with the ADB official poverty eradication projects in Sudan and the relationship of cooperation between the two sides. (ST)

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Source: Sudan Tribune

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