Kuwait ready to fund Sudan’s lifelong development
KUWAIT: Kuwaiti Foreign Minister and representative of His Highness the Amir said on Monday that his country was ready to finance the further development of Sudan during debt restructuring talks in Paris which aim to attract foreign investment to Khartoum, a necessary measure to revive its struggling economy.
Welcoming the Sudanese transitional government, formed under a military-civilian power-sharing agreement, Sheikh Dr Ahmad Nasser Al-Mohammad Al-Sabah said the efforts of Sudan’s international partners and creditors show a “future. better ”for Khartoum, with“ development projects ”On the way funded by the Arab Fund for Economic and Social Development based in Kuwait.
The minister hoped the talks would help propel Sudan into a new era of development and stability, citing “illustrious” bilateral ties dating back more than six decades, which have seen more than $ 1 billion worth of projects. development come to fruition in the African nation. .
He underscored his country’s support for broader relief of Sudan’s external debt, paving the way for broader economic aid efforts in the country, in line with the enhanced Heavily Indebted Poor Countries Initiative (Heavily Indebted Poor Countries). HIPC). “Today’s talks are just the start of a new, more resilient Sudan,” he added, as member countries of the International Monetary Fund agreed to ease Sudan’s arrears, allowing it to ” access more international funding. – KUNA