- Title: Donors pledge $1.8 billion for Sudan's troubled transition
- Date: 25th June 2020
- Summary: KHARTOUM, SUDAN (FILE - FEBRUARY 18, 2020) (REUTERS) (NIGHT SHOTS) VARIOUS OF RESIDENTS STANDING IN LINE OUTSIDE BAKERY WAITING TO BUY BREAD / RESIDENTS BUYING BREAD
- Embargoed: 9th July 2020 20:26
- Keywords: Omar al-Bashir Prime Minister Abdalla Hamdok Sudan economy World Bank donors economic crisis transition
- Location: VARIOUS LOCATIONS
- City: VARIOUS LOCATIONS
- Country: Sudan
- Topics: Climate Change,Climate Politics
- Reuters ID: LVA004CJVDI6F
- Aspect Ratio: 16:9
- Story Text: PART QUALITY AS INCOMING
Western and Arab countries pledged $1.5 billion at a conference hosted by Germany on Thursday (June 25) to help Sudan ease an economic crisis hampering its transition towards democracy after the fall of autocratic leader Omar al-Bashir.
The European Union pledged 312 million euros ($350.13 million), the United States $356.2 million, Germany 150 million euros, France 100 million euros, and Britain Â£150 million for humanitarian and development programmes, chief among them planned cash transfers to poor families with the help of the World Bank, officials said at the online event. Saudi Arabia, which said it had given Sudan $500 million over the past year, donated only $10 million. The United Arab Emirates donated $50 million.
Prime Minister Abdalla Hamdok, running Sudan under a precarious, transitional power-sharing deal with the military since Bashir's overthrow in a popular uprising last year, is desperate for more foreign support.
Hamdok warned that without it, instability could spread through a volatile region in east and northeastern Africa and disaffected young people would keep migrating by sea to Europe.
Inflation topped an annual 100% last month and Sudan's currency has plunged to 141 to the dollar on the black market compared to 55 at the official rate.
U.N. Secretary General Antonio Guterres called for "massive" aid, saying the region needed a stable and democratic Sudan.
The pledges were well below the $8 billion in aid that Hamdok said last August was needed to turn around an economy in crisis since Sudan lost almost all its oil revenue when South Sudan seceded in 2011.
The family cash scheme is seem as key to softening the blow from a removal of fuel and other subsidies demanded by would-be Western donors and which cost an estimated $3 billion annually.
Finance Minister Ibrahim al-Badawi told the event the government was reforming fuel subsidies, without giving details.
(Production: Seham Eloraby)
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