World Bank Suspends Aid To Sudan After Military Coup - Forbes

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Topline

The World Bank suspended its aid to Sudan, it announced in a statement Wednesday, the latest international body to distance itself from the country since Monday’s military coup shook the fledgling democracy.

Key Facts

World Bank Group President David Malpass said in the statement that the organization “paused disbursements in all of its operations” on Monday and has “has stopped processing any new operations” while they monitor the situation.

The World Bank’s decision was first reported by Agence France-Presse.

The Associated Press reported in May that the World Bank had earmarked $2 billion for Sudan amid its financial crisis.

Meanwhile the African Union suspended Sudan from all activities until “the effective restoration” of the ousted transitional government, according to a communique from Tuesday.

Seven people have been killed and 140 injured in violent clashes between soldiers and protesters, according to a health ministry official cited by Reuters.

Big Number

$700 million. That’s the amount of aid the United States cut off to Sudan hours after security forces detained Prime Minister Abdalla Hamdok and other top officials in a military coup.

Key Background

Hamdok and his wife were released Tuesday and are being kept under “heavy security” at home in the capital city Khartoum. General Abdel Fattah al-Burhan dissolved civilian rule and declared a state of emergency Monday as part of the military takeover. The ousting came after weeks of rising tensions between the civilian government and the military, building since a failed coup attempt in September.