Sudan secures vital funding

Sudan says it has signed agreements for $300m in loans from a regional monetary fund to help address a foreign currency crisis that has fuelled months of anti-government protests. The Finance Ministry secured a $230m loan from the Abu Dhabi-based Arab Monetary Fund to support the balance of payments. A report on the News24 site notes that it confirmed that the Ministry signed another deal worth $70m with the Arab Trade Financing Programme. Legalbrief reports that the country has been rocked by price hike protests over the past three months.