World Bank Extends Two Billion Dollars as Grant to Sudan

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World Bank Extends Two Billion Dollars as Grant to Sudan

The Vice President of the World Bank for Eastern and Southern Africa, Hafez Ghanem, has revealed a grant of two billion dollars to support Sudan, in addition to boosting the families program, combating the coronavirus pandemic, the energy sector, especially solar energy and promoting the use of technology.

In his address at the Paris Conference for Support to the Democratic Transformation in Sudan on Monday, Ghanem affirmed that the World Bank will work to strengthening human power in Sudan through the Bank and the international partners.

 He pointed to the positive effects of the economic reforms on the level of development with a short period of time, stressing that Sudan would achieve great opportunities and that it is rich with large animal resources.

He said that the geographical location of Sudan qualifies it to reach the regional markets, especially in the north, in addition to its huge potentialities that will lead to creating an appropriate investment climate, calling on the international community to continue supporting Sudan. He stressed that the World Bank is working to enhance the investment environment in Sudan.

The Vice President of the World Bank for Eastern and Southern Africa that the World Bank looks forward for more work with the government of Sudan, adding that the partnership with the World Bank is very important.

He said that Sudan has restored its full membership in the World Bank, calling on the investors to take advantage of the opportunities present and available in Sudan.