France has pledged a $1.5 billion loan facility for Sudan, one of Africa’s poor nations.
The French Government made the pledge on Monday, May 17, 2021 ahead of the Paris Summit on Africa.
The money is to help Sudan pay its arrears to the International Monetary Fund (IMF).
As earlier reported, French President, Emmanuel Macron will be hosting a summit of African leaders on Tuesday, May 18, 2021.
The summit aims to among other things, seek support for Sudan’s transitional government.
Former president Omar al-Bashir ruled Sudan for three decades until he was overthrown by the army in 2019.
Sudan is reportedly facing sharp economic crisis.
The economic crisis is believed to have been made worse by the novel coronavirus.
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source https://africanentertainment.com/2021/05/17/paris-summit-on-africa-france-offers-sudan-1-5bn-loan/
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