Sudan Debt Relief Moves Forward by Zachary Conti - Jubilee USA
US Plays Major Role in Sudan Relief Effort
Under a debt relief plan won by advocates in the early 2000s, Sudan could see a drastic cut in its $50 billion debt this summer, according to the IMF and the World Bank.
Sudans debts would be cut by 85% under the debt relief plan, said Eric LeCompte, Executive Director of the religious development group Jubilee USA Network, which was a major force for the creation of the debt reduction process. Debt relief cannot come soon enough for Sudan as the country struggles with the pandemic and a 50% poverty rate.