Dec. 1 (Bloomberg) -- Sudan has received pledges for more than $1 billion to help develop the impoverished east of the country, said Mustafa Mohammed Osman, an adviser to the president.
The money is in addition to the $1.57 billion already promised by Sudan’s government, Osman told reporters at a conference in Kuwait City.
Kuwait has pledged $500 million, its Foreign Minister Sheikh Mohammed Al-Sabah said today, while his counterpart in Iran, Manouchehr Mottaki, promised $200 million. Kuwait will provide $450 million for infrastructure projects and the rest as grants through the Kuwait Fund for Arab Economic Development, Al-Sabah told the conference.
Sudan aims to attract foreign investment worth $2 billion at the two-day conference, presidential adviser Mostafa Osman Ismail said on Nov. 28. In March, the Organization of the Islamic Conference raised $850 million of a targeted $2 billion for development in western Sudan.
Authorities pledged to eradicate poverty and develop eastern Sudan in a 2006 peace agreement it signed with rebels there. The region hosts almost 80,000 registered refugees from Sudan’s eastern neighbors, mainly Eritrea, according to the United Nations High Commissioner for Refugees.
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