AMF Agrees to Extend Loan to Sudan to Support Economic Reform Efforts


The Arab Monetary Fund (AMF) has agreed to extend a loan to Sudan for supporting the efforts of economic and structural reform in the country, reviewing the new loan approvals for Member States.

During the recent meeting of its council of executive directors held in Abu Dhabi headed by Director General and Chairman of the Board of Directors. Abdel-Rahman bin Abdallah they discussed the new loans extended by the fund to member states for supporting efforts of economic and structural reform to enhance comprehensive and sustainable growth and provide employment opportunities.

According to a press statement issued in its website, the Council agreed to extend a loan to support economic reform program, which had been agreed upon with the government of Sudan to create conducive environment for small and medium projects.

The council also reviewed outcomes of technical missions that had been dispatched by the fund to follow up progress of implementation of existing economic and financial reform programs, which were supported by funds that had been agreed upon earlier.

The meeting tackled progress of the various activities of the fund during the first quarter of 2018 in the context of its five-year strategy (2015-2020).