Saudi Arabia to provide $ 1 billion in aid to Africa

  Saudi Arabia will support African countries with over $ 1 billion in debt this year to revive their economy from the deficit left behind, ...

 

Saudi Arabia will support African countries with over $ 1 billion in debt this year to revive their economy from the deficit left behind, Crown Prince Mohammed bin Salman said on Tuesday.

"The Saudi Development Fund will launch other projects in the near future, lending up to three billion riyals or nearly $ 1,000,000,000 to developing countries in Africa this year," the prince said in a statement. meeting in Paris.

He said his country had invested nearly $ 4 billion in energy, mining, communications, food and other sectors in Africa and said it would continue to explore other sectors in other parts of the continent.

African leaders and other stakeholders met in Paris on Tuesday to explore ways to support the economies of African countries affected by the corona crisis and to discuss the continent's debt.