Saudi Development Fund signs $53 33m agreement to support Oman SMEs arabnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from arabnews.com Daily Mail and Mail on Sunday newspapers.
Saudi Fund for Development breaks ground for Mangoky Bridge in Madagascar arabnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from arabnews.com Daily Mail and Mail on Sunday newspapers.
RIYADH: Saudi Arabia has signed an agreement with Turkiye to deposit $5 billion into the country's central bank through the Saudi Fund for Development, according to a statement. The statement revealed that the agreement was signed between the chairman of the board of directors of the SDF, Ahmed Al-Khateeb, and the governor of the Central Bank of Turkiye, Shihab Kavcioglu.
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The debt relief will provide much-needed fiscal space to mitigate the socio-economic impact of the COVID-19 pandemic and meet the urgent economic needs of the country, said Federal Minister for Economic Affairs Khusro Bakhtiar
Imran Khan-led Pakistan government is expected to get another $1 billion relief in loans this year from the G20, reported the Express Tribune.
Pakistan’s Economic Affairs Ministry said the relief would be covered under the third phase of the G20’s Debt Service Suspension Initiative.
The Islamic Republic will receive this debt relief under the third phase of the Debt Service Suspension Initiative (DSSI) by the G20 countries.
Pakistan anticipates USD 1 billion debt relief from G-20 orlandoecho.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from orlandoecho.com Daily Mail and Mail on Sunday newspapers.