IMF: ‘Removal from terrorism list first step in debt relief for Sudan’ | Radio Dabanga

The International Monetary Fund (IMF) states that the removal of Sudan from the US list of State Sponsors of Terrorism eliminates one of the obstacles blocking debt relief for Sudan.

Carol Baker, head of the IMF mission to Sudan, said that Sudan still owes money to the IMF, the World Bank and the African Development Bank, and cannot obtain new funds from these institutions until a settlement has been agreed upon.

To reach a settlement, Baker said that certain conditions must be met. This includes a ‘‘strong performance’’ from the Sudanese authorities during a economic programme monitored by experts from the IMF. It also requires support from the majority of donors, including the United States, to settle debts with international financial institutions.

“These steps will take time and will require patience and hard work from the government and its partners in the international community. I am optimistic that these steps can be achieved”, Baker said.

Source: IMF: ‘Removal from terrorism list first step in debt relief for Sudan’ | Radio Dabanga

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