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Flood-recovery funds approved

    NAIROBI

    The Saudi-based Islamic Development Bank (IDB) and Sudan on Sunday signed agreements that will provide US$ 9.5 million to help address the effects of last year’s serious floods in Sudan. The Sudan News Agency (SUNA) said the IDB will provide a US$ 8.5 million loan to help overcome the effects of the floods while US$ 1 million will finance a project to rehabilitate flood-affected schools, SUNA said. An inter-agency assessment mission last November estimated that US$ 230 million would be required to help the country recover from the floods, the worst in Sudan in over 50 years.

    This article was produced by IRIN News while it was part of the United Nations Office for the Coordination of Humanitarian Affairs. Please send queries on copyright or liability to the UN. For more information: https://shop.un.org/rights-permissions

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