Sudan secures $300M loans from regional fund amid protests


CAIRO (AP) — Sudan says it has signed agreements for $300 million in loans from a regional monetary fund to help handle a overseas foreign money disaster that has fueled months of anti-authorities protests. The state-run…

CAIRO (AP) — Sudan says it has signed agreements for $300 million in loans from a regional monetary fund to assist handle a overseas foreign money disaster that has fueled months of anti-government protests.

The state-run SUNA news service reported late Saturday that the Finance Ministry secured a $230 million loan from the Abu Dhabi-based mostly Arab Financial Fund to help the stability of funds.

It says the ministry signed another deal value $70 million with the Arab Trade Financing Program, which can also be based mostly within the Emirati capital.

Worth hikes and food shortages triggered demonstrations in December that shortly morphed into protests calling on President Omar al-Bashir to resign. Al-Bashir, who seized power in a 1989 army coup, has vowed to remain in workplace whereas launching a crackdown on demonstrations.

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