IMF Approves $50B in Debt Relief, $2.4 Billion Funding to Sudan
Voice of America
WASHINGTON - As they move their country toward democracy and elections, Sudan officials are hoping that a massive economic boost the international banking community provided this week will wipe out decades of debt and bring stability.
"The transitional government has now secured a way to relieve Sudan's debt so that the burden is lifted in a very short time," Sudan Prime Minister Abdalla Hamdok said in a nationwide address Tuesday night after the International Monetary Fund had approved $50 billion in debt relief and $2.4 billion in funding. The decision signals Sudan's full reengagement with the international community and multilateral financial institutions — including the World Bank, the African Development Bank and the IMF — for the first time in decades. Historic decision
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