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U S to Help Sudan Clear World Bank Arrears With $1 Billion Loan
U.S. to Loan World Bank $1 Billion to Clear Sudan Debt Bloomberg 12/15/2020 © Photographer: YASUYOSHI CHIBA/AFP Sudanese men chat on their mobile phones in the capital Khartoum. (Bloomberg) The U.S. will give a $1 billion bridge loan to the World Bank to help clear Sudan’s arrears with the institution, opening the door to much-needed funding for the economically ravaged African country, Sudan’s finance ministry said. Popular Searches The move is due “in the coming days” and will lead to Sudan regaining access to the World Bank’s International Development Association, the ministry said in statements to Bloomberg. The comments come after the U.S. on Monday rescinded Sudan’s 27-year designation as a state sponsor of terror.
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