Sudan gets $1.5 bln loan from a Chinese bank -finance minister
ABU DHABI Jan 9 (Reuters) - Sudan has secured a $1.5 billion loan from a Chinese bank that was guaranteed by state oil firm China National Petroleum Corp (CNPC), Sudan's finance minister said on Wednesday.
The aid throws a lifeline to the African country struggling with an economic crisis.
"The $1.5 billion loan will be used to bridge the fiscal gap and enhance our balance of payments," Ali Mahmoud told Reuters, adding the loan was granted on Dec 31. He declined to name the bank. (Reporting by Stanley Carvalho; Editing by Ulf Laessing and Susan Fenton)
DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.