The International Monetary Fund (IMF) has approved a debt relief plan for Sudan.
Following the IMF Executive Board’s approval on a financing package for the Northeastern African country, Ms. Kristalina Georgieva, Managing Director of the IMF, in a statement said:
“Today, the IMF Executive Board approved a financing plan that will help mobilize the resources needed for the IMF to cover its share of debt relief to Sudan. This financing plan relies on a broad effort of IMF member countries, including cash grants and contributions derived from IMF internal resources.
“This marks a critical step in helping Sudan advance the process of normalizing relations with the international community and make progress towards achieving debt relief under the Heavily-Indebted Poor Country (HIPC) Initiative.”
Debt relief for #Sudan is a priority for the IMF. Our Executive Board has approved a financing plan that will help mobilize the resources needed for the IMF to cover its share of #debt relief to Sudan. Click here to read the latest press release: https://t.co/H2yEWsuvPx pic.twitter.com/G0inpIFO11
— IMF (@IMFNews) May 10, 2021
“Debt relief for Sudan is a priority for the IMF.
“This would help unlock significant new financial resources to address Sudan’s large development needs and poverty reduction,” Kristalina Georgieva added.
Amaka E. Nliam
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