São Paulo – The Agricultural Bank of Sudan announced on Friday (24), in Southeastern city Madani, measures to expand agricultural production. These range from steps to reduce institutional bureaucracy, such as improving its legal framework, to direct actions in the field, including the provision of inputs like fuel and fertilizers.
According to the bank’s director-general, Salah Mohamed Abdel Rahim, as reported by state news agency SUNA, the measures aim to boost Sudan’s agricultural output both in existing commercial crops and through diversification. To this end, the bank announced a large-scale financing program for collective and individual projects, with the goal of delivering initial results as early as the next harvest. Another target is to secure funding for winter planting in the Nile and Northern states.
To that end, the bank announced a large-scale financing program for collective and individual projects, aiming to deliver initial results as early as the next harvest. Another goal is to secure funding for winter planting in the Nile and Northern states.
The plan also includes building 17 grain storage silos and refrigerated storage facilities for vegetable producers. Some agreements already signed will finance “strategic” crops and expand funding to farmers in the states of Sennar, Blue Nile, and White Nile.
Through this project, the Agricultural Bank of Sudan will undergo changes to improve its operational efficiency. With support from the Central Bank of Sudan, the institution increased its capital by SDG 171 billion (equivalent to USD 284.7 million) and reduced its debt.
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Translated by Guilherme Miranda
©Ashraf Shazly/AFP
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