AGL 40.01 Increased By ▲ 0.01 (0.03%)
AIRLINK 131.00 Increased By ▲ 1.47 (1.13%)
BOP 6.90 Increased By ▲ 0.22 (3.29%)
CNERGY 4.56 Decreased By ▼ -0.07 (-1.51%)
DCL 8.84 Decreased By ▼ -0.10 (-1.12%)
DFML 42.50 Increased By ▲ 0.81 (1.94%)
DGKC 84.60 Increased By ▲ 0.83 (0.99%)
FCCL 32.90 Increased By ▲ 0.13 (0.4%)
FFBL 77.90 Increased By ▲ 2.43 (3.22%)
FFL 12.09 Increased By ▲ 0.62 (5.41%)
HUBC 110.00 Decreased By ▼ -0.55 (-0.5%)
HUMNL 14.41 Decreased By ▼ -0.15 (-1.03%)
KEL 5.52 Increased By ▲ 0.13 (2.41%)
KOSM 8.38 Decreased By ▼ -0.02 (-0.24%)
MLCF 39.55 Decreased By ▼ -0.24 (-0.6%)
NBP 63.52 Increased By ▲ 3.23 (5.36%)
OGDC 198.85 Decreased By ▼ -0.81 (-0.41%)
PAEL 26.37 Decreased By ▼ -0.28 (-1.05%)
PIBTL 7.67 Increased By ▲ 0.01 (0.13%)
PPL 159.50 Increased By ▲ 1.58 (1%)
PRL 26.40 Decreased By ▼ -0.33 (-1.23%)
PTC 18.40 Decreased By ▼ -0.06 (-0.33%)
SEARL 82.25 Decreased By ▼ -0.19 (-0.23%)
TELE 8.10 Decreased By ▼ -0.21 (-2.53%)
TOMCL 34.42 Decreased By ▼ -0.09 (-0.26%)
TPLP 8.95 Decreased By ▼ -0.11 (-1.21%)
TREET 16.91 Decreased By ▼ -0.56 (-3.21%)
TRG 59.30 Decreased By ▼ -2.02 (-3.29%)
UNITY 27.51 Increased By ▲ 0.08 (0.29%)
WTL 1.41 Increased By ▲ 0.03 (2.17%)
BR100 10,672 Increased By 265.1 (2.55%)
BR30 31,988 Increased By 274.3 (0.87%)
KSE100 98,916 Increased By 1587.8 (1.63%)
KSE30 30,832 Increased By 639.3 (2.12%)

Sudan has signed deals for loans worth $300 million with regional Arab funds, authorities said on Saturday, as the government struggles to cope with an economic crisis and nearly three months of street protests. The finance ministry agreed a $230 million loan with the Abu Dhabi-based Arab Monetary Fund to support the balance of payments, the ministry said in a statement.
A deal for a second loan worth $70 million was signed with the Arab Trade Financing Program, whose shareholders include the Arab Monetary Fund and which is also based in Abu Dhabi, according to a statement from Sudan's presidency. The deals were signed as President Omar al-Bashir and other officials including the central bank governor met Arab Monetary Fund Director General Abdulrahman Al Hamidy in the capital, Khartoum.
A worsening economic crisis in Sudan triggered frequent demonstrations across the country since Dec. 19 in which protesters have called for an end to Bashir's three-decade rule. The government has expanded the money supply, pushing inflation to more than 70 percent before the end of last year before it slowed to under 50 percent in January and February, according to official figures. Diplomats say the government has struggled to raise new funds from abroad as it tries to keep the economy afloat.

Copyright Reuters, 2019

Comments

Comments are closed.