Sudanese minister reviews with Beirut Bank's delegation ways of cooperation

The Minister of Finance and National Economy Badr-Eddin Mahmoud Abbas has discussed with the delegation of Beirut Bank in Australia ways of cooperation between the bank and the banking system in Sudan. The minister said, when he met at his office Sunday the Chairman of Beirut Bank's Board of Directors Salim Sefeir and its General Manager Fuad Shakir, that the bank has earlier cooperated with Sudan in extending facilities for export of a fair amount of strategic goods, calling on the bank to urge Australian investors to come to Sudan invest in wheat cultivation through modern technology. He hoped realization of stability in Lebanon as well as other Arab countries, adding that the visit will have a positive impact on cooperation between Sudan and Lebanon. Sefeir, meanwhile, explained that the bank would extend credits for the Arab investors to contribute to the implementation of the initiative of President Al-Bashir aiming to realizing Arab Food Security through investing in agriculture in Sudan. He said that Sudan economy started recovery and going on the increasing growth, revealing that Beirut Bank extended credits to an Arab investor to cultivate wheat and fodder at the Northern State in area of 20,000 acres and then to be exported to the Kingdom of Saudi Arabia, the United Arab Emirates. Sefeir stressed that the Investment Act in Sudan became attractive and motivated to the investors, pointing out that the Bank of Beirut continues its cooperation with the banking sector in organization of a number of training courses for commercial banks and the Central Bank in Sudan.