Sudan welcomes U.S. Treasury s move to clear $1 bln in arrears to the World Bank - tweet
By Reuters Staff
1 Min Read
CAIRO, Dec 16 (Reuters) - Sudan’s finance ministry said on Wednesday that it welcomed the U.S. Treasury’s move to clear $1 billion in Sudanese arrears to the World Bank.
The move allows Sudan to access $1.5 billion in funds from the International Development Association, the ministry said on its official Twitter account.
Acting finance minister Heba Ahmed said on Monday that the U.S. Export-Import Bank would also provide guarantees to American investors from the private sector that could initially total $1 billion, after the U.S. removed Sudan from its state sponsors of terrorism list.
UPDATE 1-Sudan welcomes U S move to clear $1 bln in arrears to World Bank reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
12/14/2020
(Adds details)
DUBAI, Dec 14 (Reuters) - Sudan s acting finance minister
said on Monday that the United States had committed to providing
support for wheat and other commodities over four years as well
as for debt relief, as it removes Sudan from its list of state
sponsors of terrorism.
Sudan s presence on the list had cut it off from much-needed
financial assistance and foreign investment in the midst of an
economic crisis marked by shortages in wheat and fuel. The U.S. government has committed to providing over $1
billion that will support Sudan on its road to debt relief .
This is in addition to in-kind support that includes the
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Tuesday, December 15, 2020
US finally removes Sudan from ‘state sponsors of terror’ list
The United States has formally removed Sudan’s designation as a “state sponsor of terrorism”, 27 years after putting the country on its blacklist.
The announcement was made by the US embassy in Khartoum and comes into effect on Monday.
“The congressional notification period of 45 days has lapsed and the Secretary of State has signed a notification stating rescission of Sudan’s State Sponsor of Terrorism designation is effective as of today [December 14], to be published in the Federal Register,” the US embassy said on Facebook.
Sudan says U S has committed to providing wheat over four years, financial aid msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.