We use cookies to improve your experience. By your continued use of this site you accept such use.
Get Your Own Press Office
En Fr Pt Ar
Back to Africa Newsroom
Advertising Agriculture Aviation/Airlines Banking/Finance Books Chemical Cinema Computers Culture/Arts Defense/Aerospace Education Electricity Entertainment Environment Food/Beverages Health Infectious Diseases Infrastructure Insurance Internet Technology Investment Logistics Maritime Mining Mobile Motoring Music Oil and Gas Pharmaceutical Renewable energy Retail Sport Telecommunications Textile Tobacco Tourism Transport Wood/Forest
African Development Animals Asia Awards Basketball Business Children Coronavirus Cycling Economy Energy European Government Events/Media Advisory Football Foreign Policy Handicapped/Disabled Humanitarian Aid Justice/Legal issues Labour market Not For Profit Oil/Gas discoveries Personnel announcements Religion Rugby Technology Trade Urbanism/Cities Water/Sanitation Women
Afghanistan Africa Albania Algeria Ambazonia Angola Argentina Armenia Australia Austria Bahrain Belarus Belgium Benin Botswana Brazil Brunei Darussalam Bulgaria Burkina Faso Burundi California Cameroon Canada Cape Verde Central African Republic Chad Chile China Comoros Congo (Republic of the) Croatia Croatie Cuba Cyprus Czech Republic Democratic Republic of Congo Denmark Djibouti Egypt Equatorial Guinea Eritrea Estonia ESwatini Ethiopia Finland France Gabon Gambia Germany Ghana Greece Guinea Guinea-Bissau Guyana Hong Kong Hungary Illinois India Iraq Ireland Islamic Republic of Iran Israel Italy Ivory Coast Jamaica Japan Jordan Kenya Kingdom of Saudi Arabia Kuwait Latvia Lebanon Lesotho Liberia Libya Lithuania Luxembourg Madagascar Malawi Malaysia Maldives Mali Malta Mauritania Mauritius Middle East Monaco Morocco Mozambique Namibia Nepal Netherlands New Zealand Niger Nigeria NORTH SUDAN Norway OMAN Oman Pakistan People's Republic of Bangladesh Philippines Poland Portugal QATAR Republic of Korea Romania Russia Rwanda Sao Tome and Principe Senegal Seychelles Sierra Leone Singapore Slovenia Somalia Somaliland South Africa South America South Sudan Spain Sri Lanka Sudan Suriname Sweden SWEDEN SWEDEN Switzerland Tajikistan Tanzania Thailand The People's Republic of China Togo Tunisia Turkey Turkmenistan Uganda Ukraine United Arab Emirates United Kingdom United States of America Uzbekistan Vatican Yemen Zambia Zimbabwe
Press release Multimedia content
Source: African Development Bank Group (AfDB) | Jun 30, 2020
Development Finance Institutions commit to support Sudan's transformation
African Development Bank President Akinwumi Adesina assured the Sudanese government of the Bank's continued support in the country's transformation journey
Get source logo
Egalement disponible en Français
At the Government's request, we have been working to design the Sudan Family Support Program It's an ambitious cash transfer program to mitigate the impacts of the economic crisis
ABIDJAN, Ivory Coast, June 30, 2020/APO Group/ --
Three leading international financial institutions, the African Development Bank (www.AfDB.org), the World Bank, and the International Monetary Fund (IMF), on Thursday pledged multi-pronged support to Sudan as it opens a new chapter to overcome political and economic challenges.
At a high-level Sudan Partnership Conference held virtually and hosted in Berlin on 25 June, the three multilateral organizations and several governments affirmed their strong support for the country's Transitional Government and its economic recovery efforts.
Over $1.8 billion dollars in pledges for Sudan poured in during the conference, which marked an important step in the African nation's re-engagement with the international community.
Sudanese Finance Minister Ibrahim el-Badawi highlighted the comprehensive reforms that the Transitional Government of Sudan has launched to put in place a transparent, productive and resilient economy.
"We will pass an anti-corruption law, create an anti-corruption commission and reform the enabling environment for business and investment," el-Badawi said during the panel discussions on the country's economic reforms and the way forward.
He promised an era of transparently managed budgets that will focus on health, education and other sectoral reforms, including a transformed public service and a Family Support Programme. The Minister also called for partnerships at "every step of the way," a position echoed by his colleague, Minister of Labour, Lena el-Sheikh Mahjoub.
The conference marked an important milestone in Sudan's re-engagement with the international community. African Development Bank President Akinwumi Adesina assured the Sudanese government of the Bank's continued support in the country's transformation journey.
"You can be very sure of strong support from all of us, starting from the African Development Bank in this herculean task," said Adesina. He went on to praise Sudanese Prime Minister, Abdalla Hamdok, and the country's leadership "If you are looking for leaders who actually have good ideas about how to come out of tough times and make the economy more resilient, you couldn't have asked for a better person than Hamdok."
The Government has approached the Bank for support in the preparation of a long-term development strategy, which will consolidate ongoing reforms to ignite growth, lay the foundation for sustaining high and inclusive growth and spur transformation towards a knowledge-based economy. The Bank currently has a $511 million portfolio in this African country.
IMF Managing Director, Kristalina Georgieva, reiterated the urgent need to extend support to Sudan. The IMF and Sudan on June 23 reached an agreement to put in a place a 12-month Staff Monitored Program (SMP) aimed at narrowing large macroeconomic imbalances, reducing structural distortions hindering economic activity and job creation, strengthening governance and social safety nets. The SMP will also facilitate progress toward debt relief under the heavily indebted poor countries (HIPC) initiative.
World Bank President, David Malpass, reiterated ongoing and planned support for Sudan's reform programme. "At the Government's request, we have been working to design the Sudan Family Support Program It's an ambitious cash transfer program to mitigate the impacts of the economic crisis. The program is costed at $1.9 billion and seeks to cover cash transfers of $5 monthly per person to 80 percent of the population, using digital and other delivery mechanisms. Following months of intensive technical work, it is now being piloted and readied for implementation."
A communique issued at the end of the Sudan Partnership Conference congratulated the African Development Bank for its steadfast support for Sudan through its funding of the country's Poverty Reduction Strategy Paper and for efforts to clear the country's arrears to the Bank.
Distributed by APO Group on behalf of African Development Bank Group (AfDB).
Emeka Anuforo
Communication and External Relations Department
e.anuforo@Afdb.org
About the African Development Bank Group:
The African Development Bank Group (AfDB) (www.AfDB.org) is Africa's premier development finance institution. It comprises three distinct entities: the African Development Bank (AfDB), the African Development Fund (ADF) and the Nigeria Trust Fund (NTF). On the ground in 44 African countries with an external office in Japan, the AfDB contributes to the economic development and the social progress of its 54 regional member states. For more information: j.mp/AfDB_Media
African Development
Development Finance Institutions commit to support Sudan's transformation African Development Bank President Akinwumi Adesina assured the Sudanese government of the Bank's continued support in the country's transformation journey ABIDJAN, Ivory Coast, June 30, 2020/APO Group/ -- Three leading international financial institutions, the African Development Bank (www.AfDB.org), the World Bank, and the International Monetary Fund (IMF), on Thursday pledged multi-pronged support to Sudan as it opens a new chapter to overcome political and economic challenges. At a high-level Sudan Partnership Conference held virtually and hosted in Berlin on 25 June, the three multilateral organizations and several governments affirmed their strong support for the country's Transitional Government and its economic recovery efforts. Over $1.8 billion dollars in pledges for Sudan poured in during the conference, which marked an important step in the African nation's re-engagement with the international community. Sudanese Finance Minister Ibrahim el-Badawi highlighted the comprehensive reforms that the Transitional Government of Sudan has launched to put in place a transparent, productive and resilient economy. "We will pass an anti-corruption law, create an anti-corruption commission and reform the enabling environment for business and investment," el-Badawi said during the panel discussions on the country's economic reforms and the way forward. He promised an era of transparently managed budgets that will focus on health, education and other sectoral reforms, including a transformed public service and a Family Support Programme. The Minister also called for partnerships at "every step of the way," a position echoed by his colleague, Minister of Labour, Lena el-Sheikh Mahjoub. The conference marked an important milestone in Sudan's re-engagement with the international community. African Development Bank President Akinwumi Adesina assured the Sudanese government of the Bank's continued support in the country's transformation journey. "You can be very sure of strong support from all of us, starting from the African Development Bank in this herculean task," said Adesina. He went on to praise Sudanese Prime Minister, Abdalla Hamdok, and the country's leadership "If you are looking for leaders who actually have good ideas about how to come out of tough times and make the economy more resilient, you couldn't have asked for a better person than Hamdok." The Government has approached the Bank for support in the preparation of a long-term development strategy, which will consolidate ongoing reforms to ignite growth, lay the foundation for sustaining high and inclusive growth and spur transformation towards a knowledge-based economy. The Bank currently has a $511 million portfolio in this African country. IMF Managing Director, Kristalina Georgieva, reiterated the urgent need to extend support to Sudan. The IMF and Sudan on June 23 reached an agreement to put in a place a 12-month Staff Monitored Program (SMP) aimed at narrowing large macroeconomic imbalances, reducing structural distortions hindering economic activity and job creation, strengthening governance and social safety nets. The SMP will also facilitate progress toward debt relief under the heavily indebted poor countries (HIPC) initiative. World Bank President, David Malpass, reiterated ongoing and planned support for Sudan's reform programme. "At the Government's request, we have been working to design the Sudan Family Support Program It's an ambitious cash transfer program to mitigate the impacts of the economic crisis. The program is costed at $1.9 billion and seeks to cover cash transfers of $5 monthly per person to 80 percent of the population, using digital and other delivery mechanisms. Following months of intensive technical work, it is now being piloted and readied for implementation." A communique issued at the end of the Sudan Partnership Conference congratulated the African Development Bank for its steadfast support for Sudan through its funding of the country's Poverty Reduction Strategy Paper and for efforts to clear the country's arrears to the Bank. Distributed by APO Group on behalf of African Development Bank Group (AfDB).
Text copied to clipboard.
African Development Bank Group (AfDB)
The overarching objective of the African Development Bank (AfDB) Group is to spur sustainable economic development and social progress in its regional member countries (RMCs), thus contributing to poverty reduction. The Bank Group achieves this objective by: mobilizing and allocating resources for investment…
EMAIL, RSS, FTP AND MORE
Source: African Development Bank Group (AfDB) | Jan 18, 2021 Mauritius and Morocco join African Development Bank (AfDB/AFMISM) Bloomberg® bond index
The African Development Bank administers the ABABI, a family of African bond indices launched in February 2015 and calculated by the independent, global index provider Bloomberg
Source: African Development Bank Group (AfDB) | Jan 18, 2021 Africa Free Trade Agreement: President Adesina receives award for strong leadership and support
Boshe, a patron of the AeTrade Group, thanked the awardees for their strong leadership in the process that led to the African Continental Free Trade Area coming into force
Source: African Development Bank Group (AfDB) | Jan 12, 2021 COP26 Roundtable: '2021 will be critical in the fight against COVID-19 and climate change' – UN Secretary-General António Guterres
COP26 President Sharma said the global transition to clean power must move at least four times the current pace to achieve targets set out in Paris Agreement on climate change
Source: African Development Bank Group (AfDB) | Jan 12, 2021 African Development Bank President Adesina named a champion of Africa's Great Green Wall climate-adaptation initiative
In the role of champion, Adesina will lead the mobilisation of political and economic support for the initiative
Source: African Development Bank Group (AfDB) | Jan 11, 2021 Sahel region: the African Development Bank pledges to mobilise $6.5 Billion in support of the Great Green Wall Initiative
The Great Green Wall's plan is to plant an 8,000 km long and 15 km wide mosaic of trees, grasslands, vegetation and plants across the Sahara and Sahel
Live from Twitter Follow
@AfDB_Group 31 minutes ago
We will be hosting the fifth episode of the Fashionomics Africa webinar series focused on "Bridging the Gap for Fas… https://t.co/KcREypzW8V
@AfDB_Group 2 hours ago
Africa Free Trade Agreement: #AfDB President Adesina receives award for strong leadership and support… https://t.co/nwflz0mrrf
@AfDB_Group 2 days ago
#AfDB is preparing a new governance strategy in line with its objective of spurring sustainable economic developmen… https://t.co/DY373lHu31
Congratulations to #AfDB President Akinwumi Adesina on receiving an award for exceptional contribution to the Afric… https://t.co/5pVVWiGk3L
Congratulations to #AfDB President Akinwumi Adesina on receiving an award for exceptional contribution to the Afric… https://t.co/PtublwW1Ue
It's not how much money is spent, but how many people's lives are being improved. This map plots the 1300 geographical locations of the 227 #AfDB's operations that were completed between 2014-2016 in each of the #High5s - the Bank's five priority areas: Feed Africa, Light up and power Africa, Industrialize Africa, Integrate Africa, Improve the quality of life for the people of Africa. We are transforming Africa! . On mapafrica.afdb.org, you can explore our 7000 project locations through the High 5s. . . Cette carte interactive indique ce que fait la BAD et où en Afrique : 227 opérations sur 1300 sites ont été achevées entre 2014 et 2016 dans chacune des High 5, les cinq grandes priorités de la Banque : Nourrir l'Afrique - Éclairer l'Afrique et l'alimenter en énergie - Industrialiser l'Afrique - Intégrer l'Afrique - Améliorer la qualité de vie des Africains. Nous œuvrons à la transformation de l'Afrique ! . Sur mapafrica.afdb.org, explorez les 7 000 localisations de nos projets à travers nos High 5. . . . #AfDB #BAD #High5 #Africa #Afrique #Development #Developmment #Transparency
A post shared by African Development Bank Group (@afdb_group) on Oct 2, 2017 at 10:43am PDT
Created with flickr slideshow.
Forgot your password?Don't have an account? Sign up here