Baku:Sudan's Minister of Finance, Dr. Jibril Ibrahim Mohamed, along with the Deputy Governor of the Central Bank of Sudan, engaged in a bilateral meeting with Dr. Fahad bin Mohammed Al-Turki, Director-General and Chairman of the Board of the Arab Monetary Fund (AMF). The discussions centered on bolstering cooperation and expanding Sudan's access to the Fund's programs.
According to Sudan News Agency, the talks emphasized supporting Sudan's financial sector development, enhancing the efficiency of economic institutions, and strengthening national capacities to address current challenges. Both parties agreed to provide technical assistance in securities, bonds, and sukuk to enhance institutional expertise in developing financing instruments and diversifying funding sources.
Additionally, they agreed to increase Sudan's participation in the Fund's training and capacity-building programs to improve technical skills in financial and economic fields. In line with technological advancements, Sudan will be included in the Fund's technical assistance for digital transformation by 2027, aiming to boost digital infrastructure and financial services efficiency.
The meeting also considered Sudan's potential inclusion in the Arab Trade Financing Programme to facilitate trade operations and improve private sector financing access related to foreign trade. Both parties stressed the importance of effective coordination and utilization of the Fund's programs to aid Sudan's financial-sector development and support its economic priorities.