IMF secures pledges worth $1.42bn for Sudan debt relief

Author:
ARAB NEWS
article author:
Arab News
ID:
1624439593936774500
Wed, 2021-06-23 12:09

WASHINGTON: The International Monetary Fund (IMF) has secured sufficient pledges to clear Sudan’s debt with the lender after 101 member countries promised 992 million Special Drawing Rights (SDR), equivalent to $1.42 billion.

“Today’s financing milestone marks a historic opportunity for Sudan to move toward comprehensive debt relief from the IMF and the international community,” Managing Director Kristalina Georgieva said in a statement on Tuesday. “The Fund will continue to support Sudan in its recovery from a long period of instability and economic hardship.”

Main category:
Business & Economy
Tags:
#sudan
#imf
#debtrelief

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