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World Bank funds $150m projects in Sudan

June 22, 2017 at 3:04 pm

Sudanese parliament in session, 4 May 2017 [crscntstrafrica‏/Twitter]

The government of Sudan announced yesterday that the value of World Bank-funded projects in the country has reached $150 million, of which $76 million is in support of basic education.

During a meeting between Sudanese ministers and World Bank representatives, Sudanese Minister of State for International Cooperation, Sumaya O’kud, called for channels to be opened for dialogue to order to encourage donors to fund development projects in the African state.

The World Bank has refrained from financing development projects in Sudan or providing loans because the latter has been unable to meet its external debt of $50 billion by 2015.

Read: EU sends €22 million to improve education in Sudan

The global finance organisation’s support is limited to technical assistance through education and environment projects and technical support to the financial sector.

During the meeting, the World Bank representative, Xavier Furtado, pledged to coordinate with donors in the coming period.

“We will deepen the relationship between the public and private sectors, so that the latter plays its role in the national economy,” Furtado said.

The United States decided to lift economic sanctions on Sudan in January after 20 years over charges of sponsoring terrorism.