Undersecretary of Economic Planning Meets Delegation of Saudi Fund for Development Undersecretary of Economic Planning Meets Delegation of Saudi Fund for Development

The Undersecretary of Economic Planning at the Ministry of Finance and Economic Planning , Mohammed Bashar Mohammed, received here yesterday the delegation of the Saudi Fund for Development (SFD), represented by Director of the Financing Department at the fund, Ayman Mohammed Al-Talehi, in the presence of a number of officials of the Ministry of Finance and the Central Bank of Sudan.

The visit comes at the request of the Minister of Finance to the chairman of the (SFD), to consider normalization of relations between Sudan and the fund so as to arrange the fund’s debts on Sudan to resume its activity in financing projects in the country.

Mohammed Bashar pointed to reaching during the meeting an acceptable settlement for the debts to the parties in preparation for the resumption of the SFD’s operations in Sudan, saying they come up with proposals to address the arrears in order to submit to the Fund Management in preparation for its approval and it is expected to sign an agreement in this framework.

He stated that the joint meetings of Arab financial institutions expected to be held next April, in Rabat

Capital of Morocco.

They signed the minutes of the meeting between the SFD’s delegation and the Ministry of Finance regarding the visit of the Saudi fund for development during the period from 27 to 29 March 2023.