• Friday, Jul 10, 2020
  • Last Update : 01:38 am

Saudi Arabia, UAE to send $3bn in aid to Sudan

  • Published at 06:48 pm April 22nd, 2019
Sudan-demonstrators
Sudanese demonstrators gather near the military headquarters in the capital Khartoum on April 14, 2019 AFP

The two Gulf Arab countries will deposit $500 million with the Sudanese central bank and send the rest in the form of food, medicine and petroleum products

Saudi Arabia and the United Arab Emirates said on Sunday they had agreed to send Sudan $3 billion worth of aid, throwing a lifeline to the country's new military leaders after protests led to the ousting of president Omar al-Bashir.

The two Gulf Arab 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.

The aid comes amid wrangling between the Transitional Military Council (TMC) and protesters and opposition groups who are demanding that civilians lead a two-year transitional period.

The protesters who have kept up a sit-in outside the Defence Ministry since Bashir was removed on April 11. They have demonstrated in large numbers over the past three days, pressing for a rapid handover to civilian rule.

TMC head Abdel Fattah al-Burhan told state TV that the formation of a joint military-civilian council - one of the activists' demands - was being considered.

"The issue has been put forward for discussion and a vision has yet to be reached," he said.

"The role of the military council complements the uprising and the blessed revolution," said Burhan, adding that the TMC was committed to handing power over to the people.

But a coalition of protesters and opposition groups said the TMC was not serious about handing over power to civilians, describing the council as an "extension of the old regime."

"We have decided to opt for escalation with the military council, not to recognise its legitimacy and to continue the sit-in and escalate the protests on the streets," Mohamed al-Amin Abdel-Aziz, of the Sudanese Professional Association, told one of the largest crowds outside the defence ministry.

Kobar prison

Burhan also confirmed for the first time that Bashir and a number of former officials, including presidential aide Nafie Ali Nafie, acting party head Ahmed Haroun and former first vice president Ali Osman Taha, are being held at a high-security prison in Khartoum North.

"All of them are at Kobar prison," he said, adding that "a large number of symbols of the former regime suspected of corruption will stand trial."

Burhan said authorities had found $7.8 million in Bashir's home, along with $350,000, slightly more than previously reported.

The aid from Saudi Arabia and the United Arab Emirates is the first major publicly announced assistance to Sudan from Gulf states in several years.

"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.

Sudan's state news agency said the central bank strengthened the Sudanese pound to 45 pounds to the dollar from 47.5, in a measure that coincided with the sharp rise in the price of the pound against the dollar on the parallel market.

The two Gulf states have ties with 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.

Analysts have blamed the crisis on economic mismanagement, corruption, and the impact of US sanctions, as well as the loss of oil revenue when South Sudan seceded in 2011.

In October 2017, the United States lifted some trade and economic sanctions on Sudan, but Sudan remained on the list of countries that the United States considers to be sponsors of terrorism.

Burhan said a committee could travel to the United States for discussions about lifting Sudan from the list by next week. Washington has said Sudan will not be removed from the list as long as the military is in power.

The designation makes Sudan ineligible for desperately needed debt relief and financing from international lenders.

The United States agreed in November to talks with Bashir's government on how to get Sudan removed from the list, but no resolution was reached before his overthrow.

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 % and the Sudanese pound to plunge against the dollar.

50
50
blogger sharing button blogger
buffer sharing button buffer
diaspora sharing button diaspora
digg sharing button digg
douban sharing button douban
email sharing button email
evernote sharing button evernote
flipboard sharing button flipboard
pocket sharing button getpocket
github sharing button github
gmail sharing button gmail
googlebookmarks sharing button googlebookmarks
hackernews sharing button hackernews
instapaper sharing button instapaper
line sharing button line
linkedin sharing button linkedin
livejournal sharing button livejournal
mailru sharing button mailru
medium sharing button medium
meneame sharing button meneame
messenger sharing button messenger
odnoklassniki sharing button odnoklassniki
pinterest sharing button pinterest
print sharing button print
qzone sharing button qzone
reddit sharing button reddit
refind sharing button refind
renren sharing button renren
skype sharing button skype
snapchat sharing button snapchat
surfingbird sharing button surfingbird
telegram sharing button telegram
tumblr sharing button tumblr
twitter sharing button twitter
vk sharing button vk
wechat sharing button wechat
weibo sharing button weibo
whatsapp sharing button whatsapp
wordpress sharing button wordpress
xing sharing button xing
yahoomail sharing button yahoomail