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IMF grants Sudan a $2.5 bln, 39-month bridge loan to aid debt relief process

By Reuters Staff 1 Min Read WASHINGTON, June 29 (Reuters) - The International Monetary Fund said on Tuesday its executive board has approved a $2.5 billion, 39-month Extended Credit Facility for Sudan after the country cleared $1.4 billion in IMF arrears to begin debt relief negotiations under the Heavily Indebted Poor Countries initiative. An IMF official told a news conference that the debt relief process, expected to take about three years, would ultimately reduce Sudan’s external debt burden to about $6 billion from the current level of about $56.6 billion, or about 163% of GDP. (Reporting by David Lawder, Editing by Rosalba O’Brien)

United statesRosalba obrienDavid lawderThomson reuters trust principlesInternational monetary fundExtended credit facilityHeavily indebted poor countriesRosalbao brienThomson reuters trustஒன்றுபட்டது மாநிலங்களில்தாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை ப்ரிந்ஸிபல்ஸ்சர்வதேச பண நிதிநீட்டிக்கப்பட்டது கடன் வசதிதாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை

KUNA : IMF offers Sudan USD 2.47 bln loan to finance reform agenda - Economics

KUNA : IMF offers Sudan USD 2.47 bln loan to finance reform agenda - Economics
kuna.net.kw - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kuna.net.kw Daily Mail and Mail on Sunday newspapers.

United statesJanet yellenKristalina georgievaUs department of treasurySudan family support programBoard of the international monetary fundWorld bank david malpassExecutive boardInternational monetary fundExtended credit facilityHeavily indebted poor countriesExecutive boardsWorld bankInternational development associationTreasury janetஒன்றுபட்டது மாநிலங்களில்

IMF approves Extended Credit Facility arrangement for Sudan

IMF approves Extended Credit Facility arrangement for Sudan
panapress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from panapress.com Daily Mail and Mail on Sunday newspapers.

Al khartumInternational monetary fundExtended credit facilityஅல் கர்ட்டும்சர்வதேச பண நிதிநீட்டிக்கப்பட்டது கடன் வசதி

IMF offers Sudan $2.47 billion loan to finance reform agenda

IMF offers Sudan $2.47 billion loan to finance reform agenda
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World bankDistrict of columbiaUnited statesJanet yellenKristalina georgievaAbdallah hamdokWorld bank groupUs department of treasurySudan family support programBoard of the international monetary fundWorld bank david malpassWorld bank executive boardExecutive boardInternational monetary fundExtended credit facilityExecutive boards

State abandons Sh9 trillion debt ceiling rule

State abandons Sh9 trillion debt ceiling rule NEWS The National Treasury and Planning CS Ukur Yattani leaving the treasury building to present the Financial Year 2021/2022 budget at Parliament Buildings, Nairobi. June 10, 2021. [Jonah Onyango, Standard] Kenya is set to abandon the current Sh9 trillion legal ceiling of debt issuance and revert to one that is pegged on the gross domestic product (GDP). This was revealed by the International Monetary Fund (IMF) in its first review of the extended arrangement under the Extended Fund Facility and Extended Credit Facility, a Sh256 billion credit facility programme. The IMF said Kenyan authorities have proposed an amendment to the Public Finance Management Regulations to replace the current nominal legal ceiling on debt issuance currently capped at Sh9 trillion.

International monetary fundFund facilityNational assemblyExtended fund facilityExtended credit facilityPublic finance management regulationsசர்வதேச பண நிதிநிதி வசதிதேசிய சட்டசபைநீட்டிக்கப்பட்டது நிதி வசதிநீட்டிக்கப்பட்டது கடன் வசதிபொது நிதி மேலாண்மை ஒழுங்குமுறைகள்