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IMF Approves Sudan Debt Relief Plan by Zachary Conti - Jubilee USA On Monday, the International Monetary Fund approved a plan to pay for Sudan s debt owed to the financial institution. Using grants and internal resources, IMF leadership agreed to clear $1.3 billion in missed debt payments or arrears. On Monday, the International Monetary Fund approved a plan to pay for Sudan s debt owed to the financial institution. Using grants and internal resources, IMF leadership agreed to clear $1.3 billion in missed debt payments or arrears.
The IMF approved an important step in the process for Sudan debt relief, said Eric LeCompte, Executive Director of the religious development group Jubilee USA Network. As Sudan wrestles with the pandemic and a 50% poverty rate, debt relief cannot come soon enough.