Finance Minister: “The Arab Funds Meetings are Achieving Good Results”

Staff Writer

In Relation to Dealing with Sudan’s Debts and Arrears, and in Refinancing Projects

Jeddah 04/07/2022 (SUNA) — The annual meetings of the Arab financial institutions, hosted by the Kingdom of Saudi Arabia, began today, Thursday, in the coastal city of Jeddah.

Where Dr. Jibril Ibrahim, Minister of Finance and Economic Planning, and the membership of Mr. Hussein Jangoul, Governor of the Central Bank of Sudan, and the accompanying technical delegation, chaired the annual meetings of the Arab Funds and Arab Monetary Funds.

In the opening session of the meetings, the Minister of Finance explained the importance of Sudan’s economic role in the Arab region and the efforts of the Sudanese government in supporting economic stability and efforts of the Government of Sudan to achieve development projects, and how to develop a strategic map for the economy and benefit from the implementation of a plan for sustainable development in Sudan.

On the other hand, the Minister of Finance confirmed the good results achieved by these meetings with regard to addressing the payment of Sudan’s debts and arrears and refinancing projects by sitting down and setting technical agreements to reschedule satisfactory to all parties.

An agreement was also reached on the necessity of working to continue financing the existing suspended projects due to the failure to pay debt dues, especially for vital projects that are nearing completion in the fields of water, health, and electricity.

On the sidelines of the meetings, Dr. Jibril met with the UAE Minister of Finance, and the meeting discussed the importance of supporting Sudan and working to develop cooperation relations between the two countries, as well as helping to deal with debts and arrears with Arab funds and financial institutions, to continue implementing existing projects. He also met his Omani counterpart. and Libyan.

On the other hand, Mr. Hussein Jangoul, Governor of the Central Bank of Sudan, met with a number of central bank governors in Saudi Arabia and the UAE to discuss ways of cooperation and dealing between central banks.

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