The Sudan to create a trade-financing fund

29/06/2020,

The Ministry of Finance recently announced the creation of a USD 2 billion fund in an effort to support the trading of key commodities amid foreign exchange shortages. The trade fund will combine resources from financial institutions and private companies and aims to support the export of key products, such as livestock and gold, while funding the imports of other key commodities, including wheat and fuel. The measure comes amid a difficult macro-economic situation, including high general inflation rates and a weak country’s currency.

Country: Sudan