Latest Breaking News On - இப்ராஹிம் எல் ப்யாடாவி - Page 1 : comparemela.com

  Acting Minister of Finance Heba Mohamed said in September that the implementation of the programme will make Sudan eligible for more than $1.5 billion annually in direct development grants to stimulate investment and revive the economy. The acting Minister of Foreign Affairs, Omar Gamareldin, admitted yesterday that debt relief needs time and will not be completed overnight. In a press statement he said that Sudan s return to the international financial system will also take time due to the bureaucratic procedures involved. Huge debt Sudan’s huge debt is mainly due to accrual of interest and steep penalties when the Sudanese government fell behind on its payments. For example, a single $ 130 million loan from Kuwait from the late 1970’s has now exploded to a $2.8 billion debt. Sudan owes $60 billion to other countries and financial institutions as the International Monetary Fund (IMF).

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