Paris Club cancels $14.1 billion Sudan debt | Radio Dabanga

The Paris Club* creditors group has agreed to cancel $14.1 billion in Sudanese debt, and to reschedule the terms of servicing a further $9.5 billion owed to the group. The Paris Club congratulated Sudan for the strong measures of poverty reduction and ambitious economic reforms that have allowed the country to reach the Decision Point under the enhanced Heavily Indebted Poor Countries (HIPC) Initiative as announced in June by the World Bank and the International Monetary Fund (IMF).

Source: Paris Club cancels $14.1 billion Sudan debt | Radio Dabanga

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