World Bank has suspended its aid to Sudan

World Bank has suspended its aid to Sudan
The World Bank has suspended its aid to Sudan, after the military there staged a coup against the civilian government.

 

According to international media reports political leaders were arrested on Monday, sparking nationwide protests and international condemnation.

The African Union (AU) has also suspended Sudan from the bloc over the "unconstitutional" seizure of power. The US has frozen $700m (£508m) in aid.

According to media report Sudan's civilian and military leaders had been in a fragile power-sharing agreement for the past two years.

The sudden cut to aid is likely to have dire consequences for Sudan's battered economy, at a time when it was just starting to get back on its feet.

The World Bank and AU moves put further pressure on the coup's leader, Gen Abdel Fattah Burhan, to reinstate the civilian government.

Gen Burhan was in charge of the power-sharing agreement, and has said the coup was needed to avoid "civil war". He has insisted that Sudan is still moving towards democracy and elections in 2023 - but his reasoning and the sudden takeover have been widely rejected.

The president of the World Bank, David Malpass, said in a statement: "I am greatly concerned by recent events in Sudan, and I fear the dramatic impact this can have on the country's social and economic recovery and development."



from latest-news - SUCH TV https://ift.tt/3Cp30gi

Comments

Popular posts from this blog

Dollar waits on CPI, yuan bounces back from policy knock

President Ashraf Ghani launches Afghanistan's coronavirus vaccine campaign

Biden urges calm in first call with Palestinian President Mahmoud Abbas

Low payments by fed govt hampered development in Sindh, CM Murad tells Bilawal Bhutto

Sindh govt seeks army's help in implementation of coronavirus SOPs

Biden and Xi discuss avoiding conflict in first phone call in 7 months

ECP directs to provide scrutiny committee's report to both parties

Biden freezes giant UAE jet package, Saudi arms for review

Biden sends Ramazan greetings, says his govt will protect rights and safety of all people

Shahbaz Sharif terms mini-budget a death knell for Pakistan