Saudi Arabia has deposited $250 million into the central bank of Sudan to support its financial position, the Saudi Finance Ministry said in a statement on Tuesday, Yeni Safak reports.
The financial grant is part of a package with the United Arab Emirates worth $500 million announced in April. Both countries pledged an overall $3 billion in aid, with the rest going towards fuel, wheat and medicine.
The grant is aimed at alleviating pressure on the Sudanese pound and achieve stability in its exchange rate, the ministry said.
In April, mass protests led the Sudanese army to topple President Omar al Bashir.
The U.S. first imposed sanctions on Sudan in 1997, ostensibly due to the country’s rights record and terrorism concerns. In late 2017, Washington lifted the sanctions but left Sudan on its list of alleged state sponsors of terrorism.
