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Saudi Arabia

Revolutionary Sudan granted $3 bn. by Saudis & Emirates, Hostile to Democracy

Middle East Monitor 04/22/2019

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Saudi Arabia and the United Arab Emirates (UAE) said on Sunday they had agreed to send Sudan $3 billion worth of aid, throwing a lifeline to its new military leaders after protests led to the ouster of President Omar al-Bashir.

The two countries will deposit $500 million with the Sudanese central bank and send the rest in the form of food, medicine and petroleum products, their state news agencies said in parallel statements.

“This is to strengthen its financial position, ease the pressure on the Sudanese pound and increase stability in the exchange rate,” the Saudi Press Agency said.

It is the first major publicly announced assistance to Sudan from Gulf states in several years.

The two Gulf states have ties with the head of Sudan’s Transitional Military Council, Abdel Fattah al-Burhan and his deputy, Mohamed Hamdan Dagalo, through their participation in the Saudi-led coalition fighting in Yemen.

Sudan has been suffering from a deepening economic crisis that has caused cash shortages and long queues at bakeries and petrol stations.

Over the last few years, Sudan’s cash-short government expanded money supply to cover the cost of expensive subsidies on fuel, wheat and pharmaceuticals, causing annual inflation of 73 per cent and the Sudanese pound to plunge against the dollar.

Via Middle East Monitor

This work by Middle East Monitor is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.

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Bonus video added by Informed Comment:

EuroNews: “Sudan military council receives aid from Saudi Arabia and UAE”

Filed Under: Saudi Arabia, Sudan

About the Author

Middle East Monitor is a not-for-profit press monitoring organization, founded on 1 July 2009, and based in London. Journalists who have written for it include Amelia Smith, Diana Alghoul, Ben White, Jehan Alfarra and Jessica Purkiss. The editorial line straddles the British left and the British Muslim religious Right.

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