Financial and Banking News

AID FLOWS

Arab Funds Agree to Renew Lending Operations to Sudan 

MEES has learned that eight Arab aid institutions (AFESD, BADEA, IDB, OFID, ADFAED, KFAED, SFD and IFED) have agreed to resume lending operations to Sudan after a freeze of almost a year. The operations of the Arab funds and the financing of new projects in Sudan came to a halt early last year after Sudan failed to pay its capital share in a number of joint institutions and delayed both...