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IMF Approves $50B in Debt Relief, $2.4 Billion Funding to Sudan

IMF Approves $50B in Debt Relief, $2.4 Billion Funding to Sudan
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Sudan approved for debt relief, $2.5 billion funding by IMF

Publishing date: Jun 29, 2021 • 6 hours ago • 4 minute read •
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Sudan received approval from the International Monetary Fund on Tuesday for relief on more than $56 billion in debt and new IMF funding of $2.5 billion over three years.
The IMF has accepted the East African country into the Highly Indebted Poor Countries (HIPC) initiative based on the country’s commitment to macroeconomic reforms, it said, meaning Sudan can finally access debt forgiveness and new funds. Sudan is the penultimate candidate for the IMF-World Bank program and by far the largest debt holder.
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IMF says Sudan crosses last hurdle towards debt relief

IMF says Sudan crosses last hurdle towards debt relief
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Sudan crosses last hurdle towards debt relief - Sudanese official

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. ....

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Sudan confirmed eligible for debt relief under HIPC initiative: official - Sudan Tribune: Plural news and views on Sudan

Sudan confirmed eligible for debt relief under HIPC initiative: official - Sudan Tribune: Plural news and views on Sudan
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