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FINANCIAL NEWS
Sudan’s economy recovers, inflation drops in February
05 Apr 2015
(MENAFN) Local media reported that Sudan’s inflation rate has been dropping for months, as in last February, it declined to 23 percent against 24 percent in January, Xinhua reported.
The recovery comes as the African country is developing closer ties with Gulf States. Earlier reports showed that Saudi has deposited a trust worth of USD4 billion in the central bank.
The deposit comes as the struggling African country is taking part in the Saudi-led Arab alliance against Houthi group in Yemen in the operation called “Decisive Storm.”
“The coming period would witness a clear improvement in the economic cooperation ties between Sudan and its Arab surrounding countries which will have a positive outcome,” Finance Minister said.
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