Sudan clears arrears, paving the way for $50 billion debt cancellation
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March 26, 2021 (KHARTOUM) - Sudan has fulfilled needed qualifying conditions for clearing its $50 billion external debt under the Enhanced Heavily Indebted Poor Countries (HIPC) Initiative, said the World Bank and the International Monetary Fund (IMF) on Frid
Sudan clears arrears, paving the way for $50 billion debt cancellation
March 26, 2021 (KHARTOUM) - Sudan has fulfilled needed qualifying conditions for clearing its $50 billion external debt under the Enhanced Heavily Indebted Poor Countries (HIPC) Initiative, said the World Bank and the International Monetary Fund (IMF) on Friday. On Friday, the US Treasury Department provided a loan bridge of $1.15 billion to clear its arrears at the World Bank and be eligible to borrow from the World Bank's International Development Agency (IDA). This step was the last (...) - News / FRONT_PAGE_DISPLAY Read more
