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IMF says Sudan crosses last hurdle towards debt relief
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International Monetary: Sudan has passed the last obstacle towards debt relief
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Sudan: IMF approves $2 5bn loan and $50bn debt-relief deal
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Rotary Huron Virtual Run exceeds goals
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Sudan crosses last hurdle towards debt relief - Sudanese official Reuters 2 hrs ago © Reuters/UMIT BEKTAS FILE PHOTO: Sudanese residents shop in a bazaar in Khartoum
By Nafisa Eltahir, Karin Strohecker and Andrea Shalal
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(Reuters) - The International Monetary Fund s executive board has decided that Sudan has reached the decision point for the Highly Indebted Poor Countries (HIPC) initiative, a Sudanese finance ministry official said late on Monday, meaning the country can begin receiving relief on its more than $50 billion in debt.
A quarter of a century after the IMF and World Bank launched their HIPC debt relief program, Sudan is the penultimate economy to come through the process, and by far the largest case in absolute terms, an IMF official said last month.