Sudan Signs Abraham Accords with USA, Normalize Relations with Israel

Today, Sudan officially signed the accession to the "Abraham Accords" with the United States of America (USA), as part of the normalization of relations with Israel.

This came during a historic visit by the US government delegation headed by Treasury Secretary Steven Mnuchin to Khartoum, according to the official Sudanese News Agency (SUNA).

According to the same source, the Sudanese side was represented in the signature by the Minister of Justice, Nasredeen Abdulbari, while the US Treasury Secretary signed for the US side.

The agreement stipulated "The necessity to consolidate the meanings of tolerance, dialogue and coexistence between different people and religions in the Middle East and the world in a way that serves the promotion of a culture of peace."

The Sudanese minister stated during the signing that his country honours the great rapprochement between Israel and the countries of the region and the launch of diplomatic ties with them.

Thus, Khartoum became the third Arab country to sign the aforementioned agreements, after the UAE and Bahrain.

Last October, the Sudanese government announced its agreement to normalize relations with Israel, and on the same day, Washington announced the removal of Khartoum from the list of states sponsoring terrorism, to which Khartoum was included since 1993.

Earlier today, US Treasury Secretary and the Sudanese Finance Minister Heba Muhammad Ali Ahmed signed a memorandum of understanding with the US Treasury to provide financing facilities to pay Khartoum’s arrears to the World Bank, which will enable Sudan to obtain more than one billion dollars annually from the World Bank for the first time. 27 years ago.

The Sudanese Ministry of Finance said in a statement that "Restoring the international financial institutions on our side is an achievement for the transitional government."

"It is an important step on the country's path towards forgiving debts and benefiting from IDA grants to finance major infrastructure projects and other development projects throughout Khartoum."

The ministry explained that ''International finance will provide pivotal support for achieving economic stability in conjunction with the reforms implemented by the transitional government, which seek to address structural distortions in the economy, promote growth, encourage investment and build a prosperous economy for all Sudanese."

It's noteworthy that Khartoum is facing increasing economic crises with the decline of its local currency, meanwhile, its foreign debts amounted to more than 60 billion dollars impede the process of economic development.