Abu Dhabi fund injects $400m into Sudan

Funds intended to improve liquidity and stimulate economic growth in Sudan

Abu Dhabi Fund for Development (ADFD) has deposited Dhs1.47 billion ($400 million) into the Central Bank of Sudan to secure increased liquidity and stimulate economic growth in the African country.

Mohammed Saif al Suwaidi, ADFD's director general, signed the agreement with Hazim Abdegadir Ahmed Babiker, governor and chairman of the board of the Central Bank of Sudan.

A national organisation owned by the Abu Dhabi government, ADFD says it has been successfully driving sustainable development activities in Sudan across key sectors, most notably energy, transport, water and agriculture since 1976. -TradeArabia News Service