Abu Dhabi fund deposits $250mln in Sudan c.bank

DUBAI (Reuters): The state-financed Abu Dhabi Fund for Development deposited $250 million in Sudan’s central bank as part of a previously-announced grant, state news agency WAM said on Sunday.

The deposit was part of the $3 billion grant to Sudan announced by the United Arab Emirates and Saudi Arabia earlier this month, which included a $500 million central bank deposit Saudi state news agency SPA said when it was announced.

Sudan’s economic crisis triggered mass protests that led to the ouster of former President Omar al-Bashir earlier this month. The country of 40 million has been suffering from rapid inflation and shortages of cash, fuel and other basic products.

A transitional military council took over from Bashir. Demonstrations have continued as protesters call for a rapid handover of power to civilians.