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.
- US Vows to Aid Transition in Sudan | Asharq AL-awsat August 2, 2021
- Former NISS agents stand trial in Sudan for murder, crimes against humanity | Radio Dabanga July 27, 2021
- Paris Club cancels $14.1 billion Sudan debt | Radio Dabanga July 17, 2021
- Sudan Cabinet: ‘Unanimous decision’ to hand Darfur war crimes accused to ICC | Radio Dabanga June 27, 2021
- IMF announces debt relief package for Sudan June 23, 2021
- Governor Minni Minawi pledges diversity in Darfur govt | Radio Dabanga June 18, 2021
- New West Darfur Wali vows to address security in El Geneina | Radio Dabanga June 15, 2021
- Joint UN Press Release – UN agencies in Sudan reach conflict-affected communities in non-government-controlled areas for first time in a decade [EN/AR] – Sudan | ReliefWeb June 13, 2021
- $500m World Bank grant for water resources in Sudan | Radio Dabanga June 2, 2021
- Minawi: ‘Sudan govt obligated to transfer $700 million for Darfur development’ | Radio Dabanga May 23, 2021