Finance Ministry and World Bank Discuss Financing from International Institutions

The Ministry of Finance and Economic Planning has discussed with the Deputy Director of the World Bank, Hafez Ghanem, means of obtaining more funding from international institutions to support the projects presented by Sudan for achieving the goals of the transitional period and to reach the stage of sustainable democracy.

The Minister of Finance and Economic Planning, Dr. Jibirl Ibrahim, said in a press statement after talks with the Deputy Director of the World Bank, Hafez Ghanem, Monday that the two sides discussed in their meeting ways of bringing more funding from international institutions to implement development projects, and to achieve the effectiveness of the projects matrix that was previously agreed upon in Paris Conference by including its financing in the next budget of the bank, which will be announced on June 1st of each year.

The minister revealed that the World Bank will support all countries hosting refugees and returnees to ease the burden on their economies

He said that the visit of the Deputy Director of the World Bank, Hafez Ghanem, will last for three days, during which he will meet the Chairman of the Transitional Sovereign Council, Gen. Abdul-Fattah Al-Burhan, and the Prime Minister, Dr. Abdalla Hamdouk.

Meanwhile, the Deputy Director of the World Bank stated that Sudan is implementing very important economic reforms and is working to implement projects in the fields of drinking water, irrigation, energy and investment in large projects in the fields of energy and infrastructures, adding that Sudan aims to achieve free of charge education and to enhance the health and the transport sectors.

In a statement to SUNA, the Advisor at the Ministry of Finance and Economic Planning Dr. Hiba Mohamed Ali, explained that the visit of the World Bank’s Deputy Director aims to following up outcome of the Paris Club conference on support to Sudan, noting that Sudan has submitted 17 projects to the World Bank at a cost of two billion dollars.