Sudan agrees deal with US Treasury and World Bank
January 8, 2021 at 4:38 pm | Published in: Africa, Asia & Americas, News, Sudan, US
World Bank in Washington, US [pingnews.com/Flickr]
January 8, 2021 at 4:38 pm
The Ministry of Finance and Economic Planning in Khartoum has signed an agreement with the US Treasury Department to settle Sudan's debts at the World Bank. Finance Minister Heba Ahmed signed the agreement on behalf of Sudan along with US Treasury Secretary Steven Mnuchin.
According to a statement issued by the ministry, a memorandum of understanding was signed to facilitate Sudan's payment of its arrears and to enable it to receive more than $1 billion annually from the World Bank for the first time in 27 years.