gulf nations: In a statement, they said they'll deposit 500 million in Sudan's central bank to ease pressure on the currency, according to The Japan Times. The remainder will go toward food, medicine and fuel. ; It's the latest in a string of pledges as the two nations seek to maintain their political influence and prop up allies in the Middle East and beyond, even as lower oil prices weigh on their own economies. The Gulf nations on Sunday pledged 3 billion to Sudan after longtime President Omar al-Bashir was toppled this month. Over the past two years, they've promised aid to countries including Bahrain, Jordan, Yemen and Pakistan. The two nations, along with Kuwait, signed off on a bailout package for Bahrain to avert a currency devaluation that could have harmed the riyal. Reasons for the support vary.
(news.financializer.com). As
reported in the news.
Tagged under gulf nations, bailout package topics.