Financial and Banking News

AID FLOWS

US Renews Aid Program to Sudan

Following the private visit to Washington last week by Sudanese President Ja'far Numeiri and his meeting with President Ronald Reagan, the White House announced on 1 April that the US has agreed to release $67mn in suspended FY 1984 aid to Sudan and grant an additional 225,000 tons of wheat. According to an official statement, President Reagan believes that the reforms undertaken recently by Mr. Numeiri are...